We acted as counsel in a finance arrangement where Sponda Plc signed a 5-year loan agreement for EUR 80 million with Pohjola Bank plc, Danske Bank A/S, Helsinki Branch and Nordea Bank Finland Plc. The loan is unsecured.
The C&S team included Partner Tero Tuomisto and Associate Riikka Mustonen.
White & Case LLP has advised a consortium of banks consisting of Bank Zachodni WBK S.A., Bank BGZ BNP Paribas S.A., Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki S.A. and mBank S.A. on the financing in the form of a revolving credit of up to PLN 700 million (around US$180 million) for Eurocash S.A.
The funds made available to Eurocash will be used to repay part of its existing short term financial debt and for the company’s general corporate purposes.
Ashurst advised Numis Securities Limited and Barclays Bank PLC as joint bookrunners in connection with the £35.4 million placing to partly fund the proposed acquisition of Local World Holdings Limited by Trinity Mirror plc, a deal that will create the UK's largest regional newspaper group. Ashurst also acted for Numis Securities Limited as sponsor in connection with the proposed acquisition, which constitutes a Class 1 transaction under the Listing Rules.
TRUMPF GmbH + Co. KG (”TRUMPF”) has concluded a €300m syndicated loan. The new credit line replaces existing financing arrangements. TRUMPF is a leading global high-technology company and produces machine tools, lasers and electronics for industrial applications.
This transaction involved LBBW as agent and documentation agent, LBBW and HSBC as Mandated Lead Arrangers and Bookrunners, as well as Baden-Württembergische Bank, BNP Paribas, Commerzbank, Helaba and UniCredit.
Slaughter and May advised Whitbread PLC on the renegotiation of the terms and tenure of its syndicated bank revolving credit facility (RCF) with both existing and new banking partners. The revised RCF has total commitments of £950 million and runs until September 2020 (with the option of two one-year extensions potentially taking the facility to September 2022).
CONTACTS
Financing: Matthew Tobin (partner), Andrew Williams (associate); Tax: Mike Lane (partner), Homyar Pahlan (associate).
Clifford Chance has advised J.P.Morgan and Bank of America Merill Lynch with respect to Vonovia SE's takeover bid for Deutsche Wohnen AG.
Watson Farley & Williams (“WFW”) has acted as lead counsel advising a syndicate of lenders globally co-ordinated by Citibank N.A. and Nordea Bank Finland plc, New York Branch, on a term loan facility of up to US$963,743,455 to Gener8 Maritime, Inc.
The facility finances the group’s acquisition of 15 newbuildings, most of which are to be built in Korean shipyards. The newbuildings will be delivered between 2015 and 2017.
A team of HFW lawyers in London and Paris, led by London ship finance Partner John Forrester, has advised Nordea Bank Norge ASA as facility agent on a US$750 million senior secured facility for Belgian and New York listed tanker owner Euronav NV.
On September 30, 2015, Siegfried closed the acquisition of BASF’s pharmaceutical supply business and the corresponding three sites in Evionnaz (CH), Saint-Vulbas (FR) and Minden (DE). The debt-free price of the acquisition amounts to approximately EUR 270 million.
This follows the announcement by Ladbrokes on 24 July 2015 that Ladbrokes and Gala Coral Group Limited (Gala Coral) have agreed the terms of a recommended merger of Ladbrokes with certain businesses of Gala Coral. Slaughter and May is advising on the terms and implementation of the proposed merger.
The new facility has three tranches and will be available for drawing subject to completion of the merger:
* Tranche A: £600m term facility due to mature in October 2016 and, subject to extension options, January 2018