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Banking & Finance - Bank Lending/Credit Facilities

Debevoise Advises Deutsche Bank as Financial Advisor to Mallinckrodt in the $1.2 Billion Acquisition of Sucampo Pharmaceuticals

08 Jan 2018

Debevoise Advises Deutsche Bank as Financial Advisor to Mallinckrodt in the $1.2 Billion Acquisition of Sucampo Pharmaceuticals

Debevoise & Plimpton LLP is advising Deutsche Bank as financial advisor to Mallinckrodt plc in the $1.2 billion acquisition of Sucampo Pharmaceuticals, Inc.

The Debevoise team is led by partner Andrew L. Bab and includes associates Giselle Alvarado and Claire Hansen Suni.

Schulte Represents UBS in Repricing of TRC Credit Facilities

08 Jan 2018

Schulte represented UBS AG, Stamford Branch, as administrative agent, and UBS Securities LLC, as sole lead arranger, in connection with the repricing of a $325-million term loan and a $60-million revolving credit facility for TRC Companies Inc., a national engineering, consulting and construction management firm.

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

Schulte Represents UBS in Financing of ION Investment Group's Acquisition of Controlling Stake in Dealogic

08 Jan 2018

Schulte represented UBS AG, Stamford Branch, as administrative agent, and UBS Securities LLC, as sole lead arranger, in connection with a $420-million U.S. dollar-denominated term loan, a €200-million euro-denominated term loan and a $20-million revolving credit facility for affiliates of ION Investment Group in their acquisition of a controlling stake in Dealogic from affiliates of The Carlyle Group and certain other owners. Dealogic is a global provider of data and analytics for capital markets.

Dentons advises UniCredit and MUFG on EUR 750 million revolving credit facility for MOL

08 Jan 2018

Dentons has advised UniCredit Bank AG, London branch and MUFG as coordinators on a EUR 750 million revolving credit facility provided by a group of 13 banks to MOL Plc, the Hungarian multinational oil and gas company. Société Générale acted as the facility agent.

The new facility has been arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options) and can be drawn in both Euros and US Dollars.

Shearman & Sterling Advises Ardagh on $850 Million Financing

08 Jan 2018

Shearman & Sterling advised Ardagh Group S.A. as parent guarantor on an $850 million financing agented by Citibank, N.A. The financing consisted of an $840 million secured New York ABL revolving credit facility and a $10 million secured French ABL revolving credit facility.

The facilities are secured by inventory and receivables in the United States and five European countries. The obligors included Ardagh entities in the United States, the United Kingdom, France, Germany, Netherlands, Switzerland and Ireland.

Shearman & Sterling Advises EQT Credit on Acquisition Financing of Studienkreis by IK Investment

08 Jan 2018

Shearman & Sterling advised EQT Mid-Market Credit Fund (EQT) on the financing of the acquisition of Studienkreis, a German private tutoring service provider, by IK Investment.

Studienkreis, founded in 1974, is headquartered in Bochum and operates a network of over 1,000 learning centers that offer small group tutoring to 60,000 primary and secondary school students across Germany.

Adcuram sells Bien-Zenker and Hanse Haus to Equistone - Ashurst advises on staple financing

08 Jan 2018

Ashurst advised Munich-based industrial holding company ADCURAM Group AG in connection with the sale of its prefabricated house group to pan-European private equity firm Equistone. Ashurst acted for the seller in relation to a staple financing package, in the context of which potential financiers offered the buyer a financing package for the acquisition of the two prefabricated house manufacturers Bien-Zenker and Hanse Haus.

The Ashurst team was led by partner Dr Bernd Egbers, assisted by counsel Dr Karsten Raupach and transaction manager Anna Zoth (all finance, Munich).

Pinsent Masons advises B&S Group on securing £85 million ABL facilities

08 Jan 2018

International law firm Pinsent Masons has advised B&S Group (B&S), the family-owned integrated pharmaceuticals supply and distribution business, on securing £85 million in asset-based lending (ABL) facilities from a three-bank club led by HSBC Invoice Finance and including Lloyds Bank and BNP Paribas Commercial Finance.

The new ABL facilities will be used to refinance B&S’s existing ABL facilities and support the growth of the business. B&S was advised on the refinancing by KPMG LLP.

Advising a syndicate of banks led by Mediobanca

08 Jan 2018

The firm has assisted a syndicate of banks led by Mediobanca - Banca di Credito Finanziario S.p.A. acting as Documentation Agent, Bookrunner and Mandated Lead Arranger.

The deal consists in a revolving credit facility for up to EU 10 billion granted to Enel S.p.A. and its subsidiary Enel Finance International N.V. This replaces the pre-existing EU 9.44 billion facility which was renegotiated in February 2015.