Case Study: Virgin Money streamlines LIBOR repapering with BRYTER and Addleshaw Goddard

Virgin Money automates 4,000 loan reviews with BRYTER

Virgin Money, a major bank, faced the challenge of transitioning thousands of commercial loans away from the LIBOR reference rate within a tight deadline. The bank needed an automated solution for this complex repapering process but found nothing suitable available off-the-shelf. They enlisted the global law firm Addleshaw Goddard, which partnered with BRYTER and its no-code automation platform to address this challenge.

The solution implemented by BRYTER involved integrating its platform with other technologies like HighQ, Kira, and DocuSign to create a fully automated, end-to-end repapering process. This enabled Addleshaw Goddard to automatically perform due diligence, select and populate amendment letters, and manage the electronic signing process. The BRYTER-powered solution allowed Virgin Money to complete the entire large-scale project successfully in a short timeframe and under budget.

Virgin Money