Metro Bank has today announced a £50 million refinancing agreement with the Darwin Leisure Development Fund (DLDF), a leading owner and operator of luxury holiday and leisure parks across the UK.

The five-year facility comprises a £40 million term loan and a £10 million revolving credit facility, designed to provide DLDF with flexible financing as it continues to expand and enhance its premium leisure portfolio.

DLDF offers long-term investors access to a diversified range of high-quality UK-based holiday and leisure parks. The new funding will support DLDF’s ongoing strategy to acquire and develop best-in-class holiday destinations that combine high-quality accommodation with first-rate leisure amenities.

Metro Bank is committed to supporting UK businesses through expert relationship banking and a comprehensive suite of corporate lending products. Its dedicated Hospitality and Leisure team works closely with clients across the sector, providing tailored solutions to fuel growth and operational success.

Nick Kalamaras, Head of Hospitality and Leisure at Metro Bank said: “We’re delighted to play a role supporting Darwin Leisure Development Fund’s growth journey. We understand the requirements of the hospitality and leisure industry and are uniquely placed to support high-quality operators like Darwin with facilities specifically tailored to need, alongside our relationship banking service.”

James Penney, Chairman at Darwin Alternatives, the Investment Advisor to DLDF, said: “We are pleased to have successfully completed the refinancing of DLDF’s senior debt facilities with the support of Metro Bank. This new package not only strengthens the Fund’s financial foundation but also provides the flexibility needed to support our long-term growth strategy.  As we continue to invest in and expand our portfolio of premium UK lodge resorts, this facility will help us deliver exceptional experiences for our guests and strong, sustainable returns for our investors.”

KPMG Corporate Finance acted as lead financial adviser to DLDF on the transaction, Burges Salmon & Gateley acted as lead legal adviser to DLDF and Metro Bank respectively.

Charlie Hughes, Head of Real Estate Debt Advisory at KPMG, said: “This transaction reflects the market’s growing confidence in the strongest holiday park operators – those with a clear brand and high-quality assets that deliver in the current market. We’re proud to support Darwin in the delivery of a new flexible, cost-effective financing deal that lays a strong foundation for the platform’s future growth.”