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Banking & Finance - Bank Lending/Credit Facilities

Clifford Chance advises Global Jet Capital on $2.3B secured credit facility

09 Dec 2015

Clifford Chance has advised Global Jet Capital on a $2,310,000,000 secured credit facility used to finance the acquisition of General Electric Capital Corporation's corporate jet business. The facility is expected to finance the acquisition of lease and loan assets relating to more than 300 corporate jet aircraft - one of the largest deals ever of its type. The first funding under the facility occurred December 4th and involved the acquisition of interests in more than 200 aircraft.

Clifford Chance advises Volkswagen Aktiengesellschaft on a EUR 20,000,000,000 syndicated revolving credit facility

09 Dec 2015

Clifford Chance advised Volkswagen Aktiengesellschaft on a EUR 20,000,000,000 syndicated revolving credit facility made available by a syndicate of lenders and coordinated by Citi and UniCredit.

The Clifford Chance team was led by partner Dr. Bettina Steinhauer and comprised partner Barbara Mayer-Trautmann (Banking & Capital Markets, Munich), senior associate Anne Crayen and transaction lawyer Sabrina Radzki (all Banking & Capital Markets, Frankfurt).

Ashurst advises Oberbank and Raiffeisenlandesbank Oberösterreich on financing the acquisition of Bayerwald Fenster Haustüren and VHP Haas Holzindustrie

07 Dec 2015

Ashurst advised Oberbank AG and Raiffeisenlandesbank Oberösterreich Aktiengesellschaft in connection with financing the acquisition of VHP Haas Holzindustrie GmbH (VHP Haas) and Bayerwald - Fenster Haustüren GmbH (Bayerwald) by the Munich-based industrial holding company ADCURAM Group AG (ADCURAM). Both companies were part of the Haas Group with its head office located in Lower Bavaria. The entrepreneurial family Haas is the seller.

Burges Salmon advises Santander on logistics group MBO

04 Dec 2015

The Banking and Corporate teams from  Burges Salmon have advised Santander UK plc on the financing of the management buy-out of International Logistics Group (ILG).

The Burges Salmon team, led by partner Rachael Ruane, advised Santander on the banking and corporate aspects of the transaction including all finance documents and due diligence on the acquisition documents and investment agreement.

White & Case Advises Banks on Financing of Acquisition of Vitalia by CVC Capital Partners and Vedici

17 Nov 2015

Global law firm White & Case LLP has advised BNP Paribas, Crédit Agricole Corporate & Investment Bank, Natixis and Société Générale, as mandated lead arrangers and bookruners, on the financing of the acquisition of Vitalia from Vitalia HoldCo by Vedici and its majority shareholder CVC Capital Partners.

Finance team advises on successful bid for GE Capital’s Australian and NZ commercial finance business

17 Nov 2015

Herbert Smith Freehills has advised Sankaty Advisors and Deutsche Bank on the financing of its successful bid to acquire GE Capital’s Australian and New Zealand commercial finance business.

The Sankaty and Deutsche Bank consortium was successful following a competitive bidding process.

The Herbert Smith Freehills team was led by Partners John Nestel and John Angus, executive counsel Vinh Huynh, and senior associates Zina Edwards, Adam Roberts, Amy Repse and Steven Catanzariti.

BLP advises Barclays and RBS on significant loan for continually expanding Restore Plc

16 Nov 2015

Berwin Leighton Paisner (BLP) has advised Barclays Bank PLC and The Royal Bank of Scotland PLC on a brand new secured term loan and revolving credit facility of up to £100m for Restore Plc.

Alongside £32m of funds raised from placing led by Cenkos, the main purpose of this facility is to finance Restore’s acquisition of Wincanton Records Management Limited for an enterprise value of £60m (expected to complete on 8 December 2015). Additionally, at the same time, this will refinance Restore’s outstanding existing indebtedness.

McCann FitzGerald advises on financing for King Digital Entertainment acquisition

13 Nov 2015

McCann FitzGerald are advising Bank of America Merrill Lynch and Goldman Sachs on the provision of a US$2.3 billion term loan for the part financing of the proposed, recommended acquisition of King Digital Entertainment plc – maker of Candy Crush Saga - by Activision Blizzard, Inc., by means of a scheme of arrangement under Irish law. The consideration payable values the entire issued and to be issued share capital of King Digital Entertainment at approximately US$5.9 billion.

World record-breaking loan raised in largest-ever UK M&A transaction, despite increased banking regulation

12 Nov 2015

Allen & Overy has played a pivotal role in the takeover bid by Anheuser-Busch InBev of SAB Miller plc, which formally launched today.

The bid is supported by a USD75 billion loan facility provided by ABInBev's core relationship banks. Across its London, Brussels, Luxembourg and New York offices, Allen & Overy advised the lenders, including Banco Santander, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas and Deutsche Bank.

Nordea Bank Finland Plc: A loan agreement with non-UCITS fund Erikoissijoitusrahasto eQ Liikekiinteistöt

09 Nov 2015

We acted as counsel to Nordea Bank Finland Plc in a finance arrangement where Erikoissijoitusrahasto eQ Liikekiinteistöt signed a loan agreement with Nordea Bank Finland Plc.

The C&S team included Partner Tero Tuomisto, Counsel Mikko Heinonen, Associates Kalle Maijala and Riikka Mustonen.