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Schulte Represents UBS in ION Trading’s Dividend Recapitalization

22 Nov 2017

Schulte represented UBS AG, Stamford Branch, as administrative agent, and UBS Securities LLC, as sole lead arranger, for the amendment and restatement of the existing first lien credit agreement of ION Trading Technologies S.à r.l. and ION Trading Finance Limited. After giving effect to the amendment and restatement, the first lien credit facilities consist of a seven-year $255-million U.S. dollar-denominated term loan, a seven-year €1.048-billion euro-denominated term loan and a five-year €15-million revolving credit facility.

Finance partners Michael Michetti and Joel Simon led the team, which also included special counsel Joseph Fastiggi and associate Sean Murray.

Matter Type
Banking & Finance - Bank Lending/Credit Facilities
Industry
Finance & Banking
News Category
Banking & Finance