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Banking & Finance - Bank Lending/Credit Facilities

Simpson Thacher Represents Barclays in Bridge Financing for Boston Scientific’s Approximately $4.2 Billion Acquisition of BTG

29 Nov 2018

The Firm is representing Barclays Bank PLC in connection with the bridge financing for Boston Scientific Corporation to finance its announced acquisition of BTG plc.

Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties. Boston Scientific Corporation’s products and technologies are used to diagnose or treat a wide range of medical conditions, including cardiovascular, digestive, respiratory, urological, pelvic health and neurological conditions.

Advising BNP Paribas and a syndicate of international banks on the extension and increase to US$500 million of a pre-export secured revolving facility to Ferrexpo

23 Nov 2018

Advising BNP Paribas and a syndicate of international banks on the extension and increase to US$500 million of a pre-export secured revolving facility to Ferrexpo

Kyiv—A multi-jurisdictional Dentons team has advised BNP Paribas and a syndicate of international banks on the extension and increase to US$500 million of a pre-export secured revolving facility to Ferrexpo.

WFW advises AUCTUS on acquisition financing of Robert Bürkle GmbH

23 Nov 2018

Watson Farley & Williams (“WFW”) has advised AUCTUS Capital Partners AG (“AUCTUS”) on the financing of its acquisition of Robert Bürkle GmbH. The financing consisted of senior loans arranged by Oldenburgische Landesbank Aktiengesellschaft and Raiffeisenlandesbank Niederösterreich-Wien AG as well as a mezzanine facility and preferred equity provided by funds managed by Beechbrook Capital. The seller was Nimbus Investment.

Clifford Chance advises underwriters on EUR 1.8 billion debut bond issuance by Logicor

21 Nov 2018

International law firm Clifford Chance acted as counsel to the underwriters in connection with the issuance by Logicor, the largest direct owner of logistics property in Europe, of three tranches of senior unsecured guaranteed notes.

The €1.8 billion transaction represents Logicor's debut bond offering and is believed to be the largest euro-denominated debut trade by a real estate company.

Clifford Chance has advised on bond issues by other real estate companies in the last 12 months including for Blackstone Property Partners, Prologis and Atrium.

Stephenson Harwood advises NIBC Bank N.V. on US$55 million loan facility

21 Nov 2018

Law firm Stephenson Harwood LLP has advised NIBC Bank N.V. (NIBC), in its capacity as agent and co-lender, on a US$55 million loan facility for MW Shipping B.V., a joint venture (JV) between MAAS Capital Investments B.V (MAAS) and Van Weelde Shipping Group B.V. (Van Weelde), a Dutch shipping group. DVB Bank SE (DVB) also acted as lender.

MAAS, part of ABN AMRO Bank, invests in the shipping and intermodal sectors, as well as in the oil and gas industry. Van Weelde is a group of companies primarily involved in commercial shipping activities in the dry bulk sector.

Herbert Smith Freehills Spain advises Red eléctrica corporación on the world's first syndicated loan based on blockchain

20 Nov 2018

Global law firm Herbert Smith Freehills has advised Red Eléctrica Corporación on the world's first syndicated loan using blockchain technology. The €150 million loan was engaged from three banks: BBVA, BNP Paribas and MUFG. Negotiations were conducted quickly over the platform developed by BBVA based on DLT (Distributed Ledger Technology).

Advising lender consortium on successful refinancing of HELLWEG Group - new credit facilities for EUR 215 million

19 Nov 2018

With a Frankfurt-based team led by Partner Thomas K. Schrell, HKLW advised a consortium of lenders on the refinancing of existing loans of HELLWEG Group.
 
The new credit facilities totaling EUR 215 million serve as a flexible and sustainable way to secure HELLWEG Group’s long-term financing. In addition to repaying existing bank liabilities, considerable additional liquidity will be available to fund working capital requirements, including for borrowing base purposes. The new financing structure offers HELLWEG considerably more flexibility at attractive terms.

White & Case Advises Amigo Holdings on Inaugural £150 Million Securitisation Facility

15 Nov 2018

Global law firm White & Case LLP has advised Amigo Holdings PLC (Amigo), the leading company in the UK guarantor loan space, on the completion of its inaugural £150 million securitisation facility.

The facility will be used to fund new customer originations and repay drawings under the company's existing revolving credit facility, as Amigo continues to expand in the UK's non-standard finance market.

Herbert Smith Freehills Spain advises Red eléctrica corporación on the world's first syndicated loan based on blockchain

14 Nov 2018

Global law firm Herbert Smith Freehills has advised Red Eléctrica Corporación on the world's first syndicated loan using blockchain technology. The €150 million loan was engaged from three banks: BBVA, BNP Paribas and MUFG. Negotiations were conducted quickly over the platform developed by BBVA based on DLT (Distributed Ledger Technology).