Greene King plc is a managed and tenanted pub operator and brewer with a portfolio of approximately 2,100 pubs and brands including Greene King IPA, Old Speckled Hen and Abbots Ale. The company completed a £600m securitisation deal which enables it to diversify its funding sources through the securitisation of 904 managed and tenanted pubs. The inclusion of tenanted, leased and managed houses provides investors with a diverse mix of asset collateral. This is the only securitisation of both tenanted and managed pubs and introduces new levels of flexibility into a securitisation structure.
