Red Oak Taverns Secures £110m Loan

Press Coverage | 02 August 2022 | Pub and Bar

Operating 208 primarily leased and tenanted pubs across the UK, the new debt facility refinances Red Oak’s existing debt and provides fresh capital to drive its future growth plans.

Just under half of the loan (£50m) serves as an acquisition facility to drive the purchase of new assets and new investment, including capital expenditure.

Founded in 2011 by executive chairman Aaron Brown and CEO Mark Grunnell, Red Oak has grown considerably over the past decade, expanding its estate from its initial portfolio of 32 pubs.

During the pandemic, the company completed five acquisitions totalling 34 pubs.

“We are pleased to have secured this facility and it has been a pleasure to work with Excellion,” says Grunnell. “Our new financing provides us with the capital to continue to expand our portfolio and helps us along the next stage of our journey.”

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