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Banking & Finance - Bank Lending/Credit Facilities

Clifford Chance advises a banking consortium on the refinancing of syndicated loan facilities for Tom Tailor Group

11 Jun 2015

Clifford Chance advised a banking consortium led by Commerzbank AG on the refinancing of syndicated loan facilities for Tom Tailor Holding AG.

The EUR 475 million syndicate loan is solely secured by guarantees. In addition to Commerzbank AG BNP Paribas S.A., Niederlassung Deutschland, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and Landesbank Baden-Württemberg acted as Mandated Lead Arrangers and Bookrunners.

Clifford Chance advises 3i on the financing of its investment in the Weener Group

10 Jun 2015

Clifford Chance advised 3i Group plc ("3i") on the financing of its investment in the Weener Plastic Packaging Group ("WPPG").

The financing is arranged by Crédit Agricole, GE Corporate Finance Bank, IKB Deutsche Industriebank, ING Bank, Mizuho Bank, Société Generale, Frankfurt Branch, and Bank of Ireland.

Clifford Chance advises banking consortium on syndicated loan for automotive supplier Hella

10 Jun 2015

Clifford Chance advised an international banking consortium on a syndicated loan for automotive supplier Hella KGaA Hueck & Co. ("Hella"), Lippstadt, Germany.

The loan amounts to EUR  450.000.000 Euro and has a five-year term with two options to extend it for one year.

The purpose of the loan is to serve the general funding of the company.

Ashurst advises China Development Bank on US$1.5 billion loan to South Africa's state-owned ports and rail operator

09 Jun 2015

Ashurst advised China Development Bank Corporation on a US$1.5 billion term loan facility granted to Transnet SOC LTD, South Africa's state-owned ports and rail operator. This funding serves as partial financing for the purchase of 691 locomotives from subsidiaries of CRRC Corporation Limited, the new merged entity arising from a recent merger of the former CNR and CSR, two major PRC rolling stock suppliers. The procurement was made for the purpose of building locomotives in Africa's most industrialised economy.

Clifford Chance advises a consortium of lenders in relation to Glencore's USD15.25 billion Revolving Credit Facilities

05 Jun 2015

Clifford Chance has advised a consortium of 60 lenders in relation to Glencore's USD15.25 bn revolving credit facilities, with HSBC acting as sole coordinators.

The deal involved the refinancing of Glencore's existing revolving credit facilities signed in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes.

Travers Smith advises Alteri Europe on its first UK financing deal for Austin Reed

02 Jun 2015

Travers Smith LLP has advised its new client Alteri Europe, L.P. (the direct lending arm of Alteri Investors) in relation to its provision of a secured term loan facility to UK clothing retailer Austin Reed.

Travers Smith LLP has advised its new client Alteri Europe, L.P. (the direct lending arm of Alteri Investors) in relation to its provision of a secured term loan facility to UK clothing retailer Austin Reed.

Macfarlanes advises on Shimtech buyout by Inflexion

01 Jun 2015

Macfarlanes has advised Ares Capital on providing a unitranche package to support a deal which sees private equity firm Inflexion partnering with Auctus Industries to acquire manufacturing business Shimtech Industries from Bridgepoint Development Capital.

The Macfarlanes team was led by finance partner Bronwen Jones.  Finance partner Chris Lawrence acted for Lloyds Bank plc as the revolving lender.

Norton Rose Fulbright advises on financing acquisition of Fruehauf Expansion SAS by Wielton S.A.

28 May 2015

Norton Rose Fulbright has been advising Bank BGZ BNP Paribas S.A and Bank Gospodarstwa Krajowego on loan facilities and a payment guarantee advanced to Wielton S.A. in Wielun to acquire (in two phases, a majority stake, and later a minority stake) the leading French truck trailer producer Fruehauf Expansion SAS, based in Auxerre, France.

As a result of this transaction, Wielton S.A., the biggest truck trailer producer in Poland, became Europe’s third biggest truck trailer producer.

Clyde & Co advises National Bank of Fujairah on AED 750 million syndicated loan

28 May 2015

Clyde & Co advises National Bank of Fujairah in its capacity as the global agent for a syndicate of banks on an AED 750 million

Clyde & Co has advised National Bank of Fujairah (NBF), in its capacity as global agent, on an AED 750 million syndicated loan for Pacific Control Systems. NBF Capital Ltd, a subsidiary of NBF acted as the financial advisor for this transaction. Pacific Control Systems will use the loan to finance its expansion and working capital requirements.

Ashurst advises Karara on US$1.48bn refinancing facility

28 May 2015

Ashurst has advised Karara Mining Limited (KML) as borrower, and its subsidiaries as guarantors, on its US$1.48 billion syndicated facility agreement. KML is a joint venture between the WA-based Gindalbie Metals Limited and Ansteel, one of China's largest steel makers and iron ore miners.

Two of KML's existing facilities have been refinanced by this new US$1.48 billion syndicated facility agreement, providing KML with an extended maturity (effectively a 10 year extension over the existing term).