A secured and guaranteed bilateral sterling term loan facility agreement between a bank (as lender), a newly incorporated buyout vehicle (as borrower) and certain subsidiaries of the borrower (as guarantors) to be used to finance the acquisition of a private limited company. The guarantors are party to the facility agreement to make certain representations and give certain undertakings but it is envisaged that the guarantee will be separately documented. It is envisaged that ancillary and working capital facilities will be provided by way of a separate overdraft facility.