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Banking & Finance - Bank Lending/Credit Facilities

Ashurst advises on the refinancing of Zarges Tubesca Group

18 May 2016

Ashurst advised Ares Management Limited (Ares) and Bremer Kreditbank Aktiengesellschaft (BKB Bank) on the refinancing of the Zarges Tubesca Group (Zarges), a leading manufacturer of aluminium-based climbing gear and logistics products. The new refinancing arrangements include a unitranche facility provided by Ares, which is structured as a bearer bond, and a super senior revolving credit facility provided by BKB Bank. The parties have agreed not to disclose the financing volume.

Ashurst advises Rantum Capital on financing the buy-out of one of Argo Group's founders

11 May 2016

Ashurst advised debt fund Rantum Capital GmbH & Co Debt Fund I KG (Rantum Capital) on partially financing the buy-out of one of Argo Group's founders. The advice included a preparatory finance and corporate due diligence.

Hamburg-based Argo Group is a personnel service provider offering solutions in the areas of personnel placement, temporary work, recruitment process outsourcing and onsite management.

Gernandt & Danielsson advises Nynas in relation to a EUR 650,000,000 credit

04 May 2016

Nynas AB has signed a EUR 650 million credit facilities agreement comprising a EUR 125 million Term Loan Facility and a EUR 525 million Multicurrency Revolving Facility with six relationship banks.

The Facilities have a tenor of five years, and will be used to refinance the company’s existing EUR 750 million credit facilities, for working capital and general corporate purposes.

Gernandt & Danielsson has advised Nynas with a team consisting of Partner Björn Svensson and Senior Associate Henrik Appelqvist.

White & Case Advises Lenders on Lexmark Acquisition Financing

03 May 2016

Global law firm White & Case LLP is advising Bank of China and China CITIC Bank on an aggregate $1.583 billion loan for a consortium led by Apex Technology Co., Ltd. and Pacific Alliance Group to finance the acquisition of Lexmark International Inc.

The merger, which is expected to close in the second half of 2016, is subject to approval by Lexmark's shareholders, regulatory approvals in the US, including the Committee on Foreign Investment, China and certain other foreign jurisdictions, and other customary closing conditions.

Shearman & Sterling Advises International Chemical Investors Group on the Refinancing of CordenPharma Group

03 May 2016

Shearman & Sterling advised International Chemical Investors Group (ICIG) on the refinancing of CordenPharma group by way of a syndicated loan provided by a consortium of ING Bank, Bayerische Landesbank and Intesa Sanpaolo. The €60 million syndicated loan is split into a term loan and revolving credit facility and comprises an increase option.

SEC Partners – HBG Group

02 May 2016

The Swiss private equity fund SEC Partners combined forces with the Blanc family, owner of the helicopter operator HBG Group, in order to finance the acquisition of the French company HDF (Hélicoptères de France). Further to this acquisition, the newly consolidated group will become the number-one French operator, the number-three operator in Switzerland and will enter into the top five at the European level.

Shearman & Sterling Advises HSBC on Financing for Acquisition of Frank Recruitment Group

29 Apr 2016

Shearman & Sterling advised HSBC as mandated lead arranger, agent and security agent in connection with the financing of TPG Growth's acquisition of Frank Recruitment Group, a global recruitment firm, from Livingbridge. 

Frank Recruitment Group is a leading niche recruitment firm for IT professionals who specialise in enterprise software. 

White & Case Advises Stabilus S.A. on Acquisition of Four Companies from SKF Group

29 Apr 2016

White & Case LLP has advised Stabilus S.A. on the financing for the acquisition of ACE, Hahn Gasfedern, Fabreeka and TechProducts from Swedish SKF Group.

Stabilus has its operational headquarters in Koblenz, Germany and employs approximately 4,400 people worldwide. The company is a globally active automotive and industrial supplier that develops and produces electromechanical drives as well as gas springs and hydraulic dampers.