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Banking & Finance - Bank Lending/Credit Facilities

Barclays Provides Financing for Mattress Firm

15 Oct 2018

New York and Orange County - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC, as administrative agent, collateral agent and issuer, and a joint book runner and a joint lead arranger, with respect to a $150,000,000 debtor-in-possession asset-based revolving credit facility, and Barclays Bank PLC, as administrative and collateral agent, and sole book runner and sole lead arranger, with respect to a $100,000,000 debtor-in-possession term loan credit facility, in each case, in connection with the voluntary petition for relief filed under

Milbank Represents Debt Financing Sources for The Carlyle Group and GIC’s €10.1B Acquisition of AkzoNobel Specialty Chemicals

12 Oct 2018

Milbank, Tweed, Hadley & McCloy LLP represented JPMorgan Chase Bank, N.A. as administrative agent, Barclays, JPMorgan, and HSBC as Global Coordinators, and a group of banks and financial institutions as joint bookrunners, initial purchasers, arrangers, managers and initial anchor lenders in a milestone cross-border acquisition financing to support Carlyle and GIC’s acquisition of the specialty chemicals business of AkzoNobel N.V. (AKZA; AKZOY). Milbank provided advice across numerous jurisdictions and the debt financing was syndicated out of New York and London.

Simpson Thacher Represents Arrangers in Financing of Thor Industries’ €2.1 billion Acquisition of Erwin Hymer Group

12 Oct 2018

The Firm is representing the arrangers, including JPMorgan Chase Bank, N.A. as lead arranger and administrative agent, in connection with Thor Industries, Inc.’s (“Thor”) acquisition of Erwin Hymer Group (“EHG”) for an enterprise value of approximately €2.1 billion. Thor’s acquisition of Erwin Hymer Group would create the world’s largest recreational vehicle manufacturer. The transaction is expected to close near the end of 2018.

Dentons advises PGE on a record-breaking financing agreement

06 Oct 2018

Dentons advised the biggest energy group in Poland, PGE Polska Grupa Energetyczna S.A., on a PLN4.1 billion (EU957 million) financing transaction, the largest revolving credit facility issued in the country in 2018.

The revolving credit facility was provided by a consortium of banks, including PKO Bank Polski S.A., Intesa Sanpaolo S.p.A., MUFG Bank (Europe) N.V. and Santander Bank Polska S.A.

The funds will be used to finance PGE Group's day-to-day business activity, investment expenses and capital expenditures, and to refinance the group's debt.

Mayer Brown advises Permira Debt Managers and Lloyds on financing for acquisition of James Grant Group by Trilantic Europe

03 Oct 2018

London — Mayer Brown has advised Permira Debt Managers (“PDM”) and Lloyds Bank plc on the financing for the acquisition of talent management company James Grant Group by private equity firm Trilantic Europe.

The transaction was the first Mayer Brown has advised PDM on since recruiting European Leveraged Finance Head Stuart Brinkworth in June 2018, who is a longstanding adviser to the company. The firm is currently advising PDM on several other matters.

White & Case Advises Gamenet on High Yield Bond Issuance and Super Senior Revolving Credit Facility

26 Sep 2018

Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million Senior Secured Guaranteed Floating Rate Notes due 2023.

The notes have been offered and sold pursuant to Rule 144A and Regulation S under the Securities Act and listed on the Luxembourg Stock Exchange. The proceeds will be used to finance the acquisition of GoldBet S.r.l.

Slaughter and May advised Wren House Infrastructure Management Limited on the acquisition of North Sea Midstream Partners Limited from funds managed by ArcLight Capital Partners

26 Sep 2018

Slaughter and May advised Wren House Infrastructure Management Limited on the acquisition of North Sea Midstream Partners Limited from funds managed by ArcLight Capital Partners. The firm also advised on the acquisition financing and related management equity arrangements.

Fieldfisher advises specialist property lender Glenhawk on Shawbrook funding line

22 Sep 2018

International law firm Fieldfisher acted for new bridging loan market entrant, Glenhawk Financial Services, on its successful bid to secure a funding line from UK-based Shawbrook Bank and a global asset manager.

A specialist team made up of experts from Fieldfisher's banking, real estate and corporate practices advised the company on a syndicated facility to accelerate its entry into the short-term property financing market.

Weil Advises Goldman Sachs on £5.2B Bridge Facility for Marsh & McLennan Companies

20 Sep 2018

Weil is representing Goldman Sachs in providing a £5.2 billion bridge facility to support the pending $6.4 billion acquisition by Marsh & McLennan Companies, Inc. of Jardine Lloyd Thompson Group plc (JLT), a leading provider of insurance, reinsurance and employee benefits-related advice, brokerage, and associated service worldwide. The transaction expected to close in spring 2019, subject to receipt of required antitrust and regulatory approvals, and the approval of JLT shareholders.

CMS advises ING on two financings in Ukrainian agribusiness sector

20 Sep 2018

CMS has advised key client, ING Bank N.V. (ING), on two financings in the Ukrainian agribusiness sector.

ING, as arranger and bookrunner, has provided a USD 80 million syndicated pre-export finance facility to Nibulon – one of Ukraine’s largest seed and grain producers and exporters. The bank has also arranged the extension and increase to USD 100 million of the pre-export syndicated credit facility granted last year to ViOil – a significant vegetable oil producer and exporter.