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Banking & Finance - Bank Lending/Credit Facilities

Clariant signs revolving credit facility agreement

22 Dec 2016

Clariant (SIX: CLN), a world leader in specialty chemicals, announced on December 19, 2016 the signing of a CHF 500 million multicurrency revolving credit facility. The unsecured RCF includes an accordion increase opinion and two extension options. The syndicate consists of relationship banks.

Lenz & Staehelin acted as counsel to the mandated lead arrangers. The team was led by Marcel Tranchet and included Patrick Hünerwadel and Christian Schneiter.

Clifford Chance advised Czech bank Ceska sporitelna on the financing of the aquisition of Fischer surface technologies

21 Dec 2016

Clifford Chance advised Czech bank Ceska sporitelna on the financing of the aquisition of electroplating plastic and injection moulding specialist Fischer surface technologies by funds advised by DPE Deutsche Private Equity GmbH. The parties agreed not to disclose any details regarding the volume of the financing.

Baker McKenzie advised Clariant in connection with its new syndicated revolving credit facility

20 Dec 2016

Clariant, a world leader in specialty chemicals, has successfully signed a new unsecured CHF 500 million five-year multicurrency revolving credit facility with two one year extension options. The unsecured credit facility has been structured as a club deal and contains an accordion option to increase the facility up to CHF 600 million.

Weil Represents Goldman Sachs, Deutsche Bank and JPMorgan on £12.2B Bridge Financing for 21st Century Fox

19 Dec 2016

Weil represented Goldman Sachs Bank USA, Deutsche Bank Securities Inc. and JPMorgan Chase Bank in providing up to £12.2 billion bridge financing for Twenty-First Century Fox, Inc.’s acquisition of the share capital of Sky plc that is does not already own.

Disposal and Financing of Sasa Demarle group

16 Dec 2016

De Pardieu Brocas Maffei advised the managers (Patrice Jacquelin group’s founder) in connection with the sale of Sasa Demarle by Weinberg Capital Partners and the managers to the investment fund Argos Soditic.

The firm also advised Idinvest Partners and Céréa Partnenaire in connection with the financing of the debt for this acquisition.

The Sasa Demarle Group is the world leader in the design and manufacture of equipment mainly for bakery and pastry professionals.

White & Case Advises Banks on Lexmark Acquisition Financing

16 Dec 2016

White & Case LLP has advised a group of Chinese banks on facilities with a total commitment of around US$2.63 billion for a consortium led by Apex Technology Co., Ltd., PAG and Legend Capital Management Co., Ltd.

The facilities support the consortium's acquisition of Lexmark International Inc., a US-incorporated printer and software manufacturer. Lexmark was acquired for US$40.50 per share in an all-cash transaction with an enterprise value of approximately US$4 billion. The acquisition closed on November 28, 2016.