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Banking & Finance - Bank Lending/Credit Facilities

JD Wetherspoon turns to Macfarlanes for credit facility extension

25 Sep 2013

Macfarlanes has advised pub operator JD Wetherspoon on an amendment and extension of its revolving credit facility with a syndicate of nine international banks. The deal sees the overall facility amount increase to £670m and the maturity extended to March 2018.

The deal came just before the company announced record profits last week.

Julian Howard, managing partner of Macfarlanes, advised on this matter, supported by banking and finance senior solicitor Jonathan Keil. 

White & Case Advises Banks on €496 Million and US$422 Million Refinancing of Fire Safety Company Minimax

23 Sep 2013

London, Munich, September 4, 2013 ... Global law firm White & Case LLP has advised Deutsche Bank AG, London Branch, in its role as Sole Coordinator and Deutsche Bank AG, London Branch, Commerzbank AG, UniCredit Bank AG and HSBC Bank plc as Arrangers on the refinancing of Minimax, a Germany-based fire safety company.

Dentons in Poland advises on financing of AmRest group

20 Sep 2013

Dentons advised a consortium of 4 Polish banks (PEKAO, BZ WBK, Rabobank, ING Polska) in connection with a €250 million financing for the organic growth of the listed company AmRest Holdings S.E. and the whole AmRest group in Poland, as well as in many other European countries, including Russia, Czech Republic, Spain and Hungary. The facility agreement also included refinancing of the existing debt of AmRest group.

Simpson Thacher Represents TDR Capital on the Financing for its £750 Million Acquisition of David Lloyd Leisure

20 Sep 2013

The Firm is representing TDR Capital on the financing for its £750 million acquisition of David Lloyd Leisure Group, one of Britain's biggest health club chains.  David Lloyd Leisure operates 87 clubs in the U.K. and an additional 10 clubs across Europe. It has over 440,000 members and employs 6,000 people.

The Simpson Thacher team is Stephen Short, Manas Chandrashekar, Richard Kiveal and Tanim Rahman.

Paul Hastings Represents Wells Fargo in $600 Million Credit Facility for Sequitur Energy Resources, LLC

17 Sep 2013

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner, and Wells Fargo Bank, National Association, as the administrative agent, in connection with a $600,000,000 senior secured revolving credit facility for Sequitur Energy Resources, LLC.

Finance partner Paris Theofanidis led the Paul Hastings team, which also included associates R. Cramer Miller and Brian Carter, and property analyst Norman Carnahan.

Paul Hastings Represents Wells Fargo in $750 Million Credit Facility for Parsley Energy, L.P.

17 Sep 2013

Houston, Texas – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner, and Wells Fargo Bank, National Association, as the administrative agent, in connection with a $750,000,000 senior secured revolving credit facility for Parsley Energy, L.P.

Finance partner Paris Theofanidis led the Paul Hastings team, which also included associates R. Cramer Miller and Brian Carter, and property analyst Norman Carnahan.

Ashurst advises banks on €544 m refinancing of alstria office REIT-AG

16 Sep 2013

Ashurst has advised a banking consortium led by UniCredit Bank AG ("UniCredit") on the refinancing of the €544 million syndicated loan of alstria office REIT-AG ("alstria"), an internationally managed real estate investment trust.

The new 7-year loan replaces the previous facility, which was due to mature as of July 20, 2015. The early refinancing will allow alstria to benefit from the attractive financing environment and significantly improve the overall debt maturity profile of the company.

Spectrum Brands, Inc. $1.15 Billion Term Loan Facilities and Concurrent Tender Offer and Consent Solicitation

11 Sep 2013

Davis Polk advised Credit Suisse Securities (USA) LLC and Deutsche Bank Securities, as joint lead arrangers and joint bookrunners, in connection with two incremental term loan facilities totaling $1.15 billion for Spectrum Brands, Inc., pursuant to Spectrum Brand’s existing senior secured credit agreement.