The Avril Group has just announced it has raised €880 million in financing for its strategic plan AVRIL 2020 through a combination of a €650 million club deal and €230 million in trade receivables securitisation.

AVRIL has thereby boosted its sources of financing:

* the €650 million club deal sees the emergence of a new banking pool organised around the Group's traditional banks and new international partners;
* the existing securitisation programme has been expanded and optimised, going from €150 million to €230 million.

The financing was arranged by:

* Natixis and Société Générale CIB (Coordinators), for the club deal
* Crédit Agricole CIB for the securitisation programme.

Herbert Smith Freehills Paris LLP advised the Coordinators of the club deal with a team led by Laure Bonin (partner) assisted by Romain Guirault and Ariane Schembri.