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Banking & Finance - Bank Lending/Credit Facilities

Dentons advises IREIT Global on a €200 million credit facility to refinance its real estate portfolio

19 Feb 2019

Frankfurt, Berlin—Global law firm Dentons has advised Singapore-based investor IREIT Global on the refinancing of its existing real estate portfolio. The refinancing is provided by a €200,760,000 loan granted by UniCredit to the subsidiaries of IREIT Global. The secured loan will serve to refinance a portfolio of office properties in Berlin, Bonn, Darmstadt, Münster and Munich with a total net lettable area of around 200,600 sq.m.

Herbert Smith Freehills advises EssilorLuxottica on bridge loan financing for a mandatory exchange bid to acquire minority shareholders' shares in Luxottica Group S.p.A.

19 Feb 2019

The international law firm Herbert Smith Freehills has advised EssilorLuxottica, global leader in ophthalmic lenses and frames, on setting up a €3.2 billion bridge loan to help the company issue the guarantee required under Italian financial market law and finance the mandatory exchange bid to be launched by EssilorLuxottica in Italy for minority shareholders' shares in Luxottica Group S.p.A. further to the merger between EssilorLuxottica (formerly Essilor International (Compagnie Générale d’Optique)) and Luxottica Group S.p.A.

DLA Piper advises Round Hill Capital and Stepstone Group Real Estate on the refinancing of its nordic logistics and industrial real estate portfolio

16 Feb 2019

DLA Piper has advised Round Hill Capital, a leading specialist real estate investment, development and asset management firm, and StepStone Group Real Estate LP (StepStone Real Estate), a leading private markets firm, on the successful completion of the multi-currency refinancing of the acquisition debt secured against their Nordic logistics and industrial real estate portfolio, which comprises 327,649 sqm across 13 assets in Sweden, Norway and Denmark.

Hogan Lovells assists Generalfinance in obtaining a revolving facility to support its DIP Financing activity

14 Feb 2019

Hogan Lovells assisted Generalfinance S.p.A., a financial intermediary entered in the Register under art. 106 of Legislative Decree 385/93, in the negotiation and execution of a medium long-term revolving facility agreement with Banco BPM S.p.A., Creval S.p.A. and UBI Banca S.p.A. (as Mandated Lead Arrangers and Bookrunners and Lending Banks) and with Banca Centropadana Credito Cooperativo – Società Cooperativa, BPER Banca S.p.A., Banca Monte dei Paschi di Siena S.p.A., and Banca Sella S.p.A.

Baker McKenzie advises on financing the leveraged buyout operation of Limonta Sport

08 Feb 2019

Baker McKenzie assisted (for the issues relating to Italian law) the Belgian Group Sports & Leisure in relation to the banking financing due to finance the leveraged buyout operation of the Italian group Limonta Sport S.p.A. and its subsidiaries.

This operation led to the emergence of the international leader in the industry area involved in creating different types of football fields and sports fields, both on natural and synthetic grass.

MUZINICH’S FINANCING OF THE ACQUISITION OF SLF BY AVEDON

07 Feb 2019

Shearman & Sterling advised Muzinich & Co on the financing of the acquisition of Spindel- und Lagerungstechnik Fraureuth GmbH (SLF) by Avedon Capital Partners. The flexible financing will ensure further investment in SLF’s operations and enable further expansion in Germany and abroad.

The Fraureuth-based SLF, founded in 1993, is a niche manufacturer of specialized spindles and bearings for customers active in industries such as mechanical engineering, food & beverage, and motor and pump manufacturing.

Massive Interactive, Inc. Enters Into Agreement to be Acquired by Deltatre

06 Feb 2019
Willkie advised client Permira Debt Managers on the unitranche financing for the acquisition of Massive Inc.
 
Willkie advised Permira Debt Managers on the financing of the Deltatre group’s acquisition of Massive Inc. 
 
Permira Debt Managers, through their funds, provided unitranche financing in order to facilitate the acquisition of the Massive Inc. group by Deltatre (a portfolio company of Bruin Sports Capital) and refinance its existing debt.

WFW advises Chaarat on Kapan reverse takeover and debt financing

06 Feb 2019

Watson Farley & Williams (“WFW”) advised long-term client Chaarat Gold Holdings Ltd (“Chaarat”) on the acquisition and related financing by its subsidiary, Chaarat Gold International Limited, of Kapan Mining and Processing CJSC (“Kapan”), which owns a medium-sized polymetallic mine in the Republic of Armenia, from PMTL Holding Ltd (“Polymetal”), a subsidiary of Polymetal International plc.