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Banking & Finance - Bank Lending/Credit Facilities

Paul Hastings Advises Wells Fargo in Financing for AFS Technologies

24 Apr 2014

Paul Hastings LLP represented Wells Fargo Bank, National Association, as an agent, in connection with a credit facility for AFS Technologies, Inc., a leading provider of software solutions for the food and beverage industry. The financing consisted of a $150 million term loan facility and a $5 million revolving loan facility.

Finance attorney Jennifer Hildebrandt led the Paul Hastings team, which also included associates Claudia Kye, Todd Schneider and Daniel Tola.

White & Case Advises S.E.A. on €300 Million Eurobond Issuance and €260 Million Revolving Credit Facility

24 Apr 2014

White & Case LLP has advised Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A., the group which operates the Milanese airports at Linate and Malpensa, on its placement of an aggregate amount of €300 million 3.125 percent notes due April 2021 to qualified investors outside the United States.

Ashurst advises Equistone on the unitranche financing of the acquisition of four market leaders in the field of automated online marketing

22 Apr 2014

Ashurst acted for funds advised by Equistone Partners Europe (EPE) on financing the acquisition of four market-leading providers of automated online marketing services. The companies, Performance Media, econda, Blue Summit Media und DELASOCIAL have agreed to consolidate their offerings under one holding company. The newly formed group is called Performance Interactive Alliance (PIA).

SEGRO - new and amended bank facilities totalling EUR 460 million

17 Apr 2014

Slaughter and May advised SEGRO plc (SEGRO) on its new and amended bank facilities totalling EUR 460 million. The facilities, which completed on 14 April 2014, comprise a new EUR 225 million revolving multi-currency, five year syndicated bank facility, replacing existing facilities totalling EUR 395 million; and amending an existing revolving multi-currency syndicated bank facility to reduce the size of the facility from EUR 385 million to EUR 235 million and extend its maturity by 18 months to May 2018.

DLA Piper advises Senvion on sydicated corporate financing

15 Apr 2014

DLA Piper has advised Senvion SE (Senvion) in connection with a syndicated loan agreement amounting to EUR 850 million. The consortium was led by Bayrische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank AG. Conclusion of the credit line agreement means extended financing has been secured for the loan facilities amounting to EUR 750 million, agreed in March 2012 until August 2014.

Milbank Represents Lead Arrangers and Administrative Agent in $657M Cross-Border Financing for the Belmond (Orient-Express Hotels) Group

11 Apr 2014

International law firm Milbank, Tweed, Hadley & McCloy LLP represented Barclays Bank PLC as administrative agent and Barclays and J.P. Morgan Securities LLC as lead arrangers in connection with an approximately $657 million senior secured credit facility for Orient-Express Hotels Ltd. (NYSE: OEH) and its subsidiaries (the "Belmond Group"). The transaction closed and funded on March 21, 2014.

Clifford Chance advises banking consortium on syndicated credit facility for Brenntag AG

09 Apr 2014

Clifford Chance advised an international banking syndicate on the extension of the term of its existing syndicated credit facility ahead of schedule and at more favourable terms for Brenntag AG. The volume of the credit facility amounts to EUR 855 million, USD 910 million, CHF 85 million and CAD 80 million. The term of the loan agreement was extended to another five years.

Ashurst advises Equistone on the financing of the acquisition of AF Gaming Holding GmbH and Caseking Holding GmbH

03 Apr 2014

Ashurst advised funds advised by Equistone Partners Europe Limited (EPE) on the financing of the acquisition of AF Gaming Holding GmbH and Caseking Holding GmbH. The companies were sold by AFINUM, a private equity investor with focus on the mid-market

Allen & Overy advises SAP AG on the financing of the planned acquisition of Fieldglass

01 Apr 2014

Allen & Overy LLP has advised SAP AG in connection of its planned acquisition of Fieldglass, the global technology leader in contingent workforce management based in Chicago (USA).

SAP is financing the acquisition partly from a syndicated facility arranged by Morgan Stanley. The transaction is still subject to approval by the competent anti-trust authorities. It is expected to be closed in the second quarter of 2014.

The Allen & Overy team comprised partner Thomas Neubaum, counsel Dr Mark Hallett and associate Dr Alexander Schilling (all Banking, Frankfurt).