Ashurst advises on the refinancing of Zarges Tubesca Group
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.