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Banking & Finance - Bank Lending/Credit Facilities

Travers Smith advises Lloyds Bank plc and Commerzbank AG on the financing of the acquisition of IEG by Ancala Partners LLP

01 Jul 2016

Travers Smith LLP has advised Lloyds Bank plc and Commerzbank AG in relation to the provision of multi-currency term and revolving facilities to a special purpose vehicle established by Ancala Partners LLP ("Ancala") in order to fund its acquisition of the entire issued share capital of International Energy Group Limited and its subsidiaries ("IEG").

IEG is a leading natural gas distribution and supply business located in Guernsey, Jersey and the Isle of Man, with more than 40,000 customers connected to its networks in the Channel Islands and Isle of Man.

P+P ADVISES BANK SYNDICATE ON FINANCING OF THE MERGER OF FISCHER TOOL & DIE CORP. AND SCHAUFLER TOOLING GMBH & CO. KG

24 Jun 2016

P+P Pöllath + Partners advised a bank consortium on the financing of the merger of Fischer Tool & Die Corp. and Schaufler Tooling GmbH & Co. KG. The purchase price and the financing volume remain confidential.

Schaufler Tooling GmbH & Co. KG is a leading provider of die casting tools for the automotive industry. The merger with the U.S.-Michigan-based full-service provider Fischer Tool & Die Corp., also specializing in pressure die casting tool solutions and precision machining, creates a leading global manufacturer of die-casting tools.

Castleton closes refinancing facility

23 Jun 2016

On 16 June 2016, Castleton Commodities International LLC (CCI), a global commodities merchant, closed the fifth amended and restated credit agreement between, among others, certain entities of CCI, as Borrowers and Guarantors, and BNP Paribas, as administrative agent and collateral agent.

Walder Wyss advised CCI on all Swiss law related aspects of the refinancing. The Walder Wyss team was led by Luc Defferrard (Partner, Banking & Finance) and Alexandre Both (Managing Associate, Banking & Finance) and included Maurus Winzap (Partner, Tax).

White & Case Advises Synthos on €220 Million Financing

23 Jun 2016

Global law firm White & Case LLP has advised Synthos S.A. on a €220 million revolving credit facility that will finance its current activities and those of specific group companies.

The credit was granted by a consortium of seven banks - Powszechna Kasa Oszczednosci Bank Polski S.A., Bank BGZ BNP Paribas S.A., Bank Handlowy w Warszawie S.A., Bank Zachodni WBK S.A., HSBC Bank Polski S.A., ING Bank Slaski S.A. and HSBC Bank plc. Powszechna Kasa Oszczednosci Bank Polski SA acted as credit agent and security agent.

Sponda : Syndicated Credit Facilities Agreement Totalling EUR 600 Million

21 Jun 2016

We advised the banks in relation to the arrangement in which Sponda Plc signed a syndicated credit facilities agreement for EUR 600 million in total. The agreement includes a term-loan for EUR 500 million and a EUR 100 million revolving credit facility.

The unsecured facilities are for 5 years. The term-loan is being used for refinancing existing loans that mature in 2016 and for general corporate purposes. The EUR 100 million revolving credit facility extends the similar undrawn EUR 100 million revolving credit facility's original maturity onwards from November 2016.

Herbert Smith Freehills advises ICBC Paris on the €5 billion voluntary public takeover offer on Kuka AG

20 Jun 2016

Herbert Smith Freehills has recently advised ICBC Paris on the financing of Midea Group's €5 billion voluntary bid for all shares in German robotics specialist, Kuka AG.

Mecca International, an entity indirectly owned by Chinese biggest home-appliance maker Midea Group, has offered €115 in cash per share to the shareholders of Kuka AG, one of the leading providers of robotics for the automobile industry, by way of a voluntary public takeover offer to their shares in the company.

Hogan Lovells acts for ING Bank N.V. on the EUR 130m borrowing facility for NLMK Sales Europe SA

17 Jun 2016

Hogan Lovells has acted for ING Bank N.V. ("ING") in its capacity as co-ordinating bookrunner and mandated lead arranger in a borrowing base revolving credit facility (BBF) for NLMK Sales Europe (NSE). NSE is part of the NLMK Belgium Holdings, owned by one of the world's leading steel companies NLMK Group and the Walloon Region investment company SOGEPA.