---
title: "Darlington College - Refinancing of Bank Borrowing"
ocid: "ocds-h6vhtk-02c9cf"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02c9cf"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02c9cf.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02c9cf.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DARLINGTON COLLEGE"
published: "2021-07-20"
---

# Darlington College - Refinancing of Bank Borrowing

Buyer: DARLINGTON COLLEGE  
Current stage: Award  
OCID: ocds-h6vhtk-02c9cf

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02c9cf.json)

## Summary

The procurement process involves Darlington College, which is seeking an organisation regulated by the PRA and FCA to refinance its bank borrowing. The title of the contract is "Darlington College - Refinancing of Bank Borrowing," falling under the banking services industry category. This process is currently at the Award stage, having been initiated as a tender. The contract was awarded on 20 July 2021, with a value of £90,000, and the location specified for delivery is Darlington, in the UK.

This tender presents significant opportunities for organisations experienced in providing financial services, particularly those with a background in lending to the UK education sector. Businesses that can demonstrate strong criteria in financial covenants, meeting the college's specifications, and environmental impact considerations would be well-suited to compete. The requirement for a dedicated relationship manager and service team indicates a preference for tailored support, creating an opportunity for smaller, specialised firms to engage effectively with this procurement process.

## Notice

Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.

### Lot Information

Lot 1

Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. * An organisation with experience of lending to the UK education sectors * A organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector. * The ability to provide a fully credit and pricing backed proposal to this ITT * Able to complete the refinance/restructure of existing borrowing by 10 May 2021 * An online provision to meet the needs of the college The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each: Option 1, a PS3m 5-year amortising loan with a 10-year repayment profile, option 2, a PS3m Revolving Credit Facility over 5 years, option 3 a PS3m Revolving Credit Facility over 3 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/016994-2021 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Jul 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 19 Jul 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £90,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DARLINGTON COLLEGE |
| Locality | DARLINGTON |
| Post town | Darlington |
| Postcode | DL1 1DR |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC3 Tees Valley |
| ITL 3 | TLC33 Darlington |
| Local authority | Darlington |
| Electoral ward | Stephenson |
| Westminster constituency | Darlington |
| Delivery location | TLC13 Darlington |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARCLAYS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 20 Jul 2021 at 01:33 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/016994-2021

## Notice URLs

- http://www.barclays.co.uk
- http://www.darlington.ac.uk/
- https://ted.europa.eu/udl?uri=TED:NOTICE:622767-2020:TEXT:EN:HTML

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02c9cf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02c9cf.json.