Slaughter and May has advised CEMEX, S.A.B. de C.V., the global building materials company, on a new syndicated facilities agreement for a total amount of U.S.$4.05 billion with twenty financial institutions. The facilities will be used to refinance the pre-existing U.S.$3.68 billion facilities agreement dated 19 September 2014, and for general corporate purposes. The terms of the new facilities agreement represent an improvement on the terms of the existing facility and provide CEMEX with greater operational and financial flexibility.

Baker McKenzie advised UBS Switzerland AG and other lenders in connection with the structuring and documentation of a fully secured CHF 60 million senior revolving credit facility for Charles Vögele Group, a leading Swiss fashion retailer. The revolving credit facility is for general working capital and capital expenditure purposes of Charles Vögele Group.

Davis Polk advised the administrative agent in connection with a $1.5 billion revolving credit facility provided to Molson Coors Brewing Company. The facility will be used to provide working capital from time to time and for other general corporate purposes.

Slaughter and May advised Deutsche Bank AG, London Branch in relation to its participation in a £286,800,000 committed syndicated term credit facility for HC-One Group. HC-One Group is a healthcare management company that provides residential, nursing and specialist care for the elderly.

Contacts

Financing: Ed Fife (partner), Mark O’Connor (associate)

Advising the banking pool in connection with the financing of the acquisition of CAPE by Altrad (Altrad Investment Authority) leader in scaffolding.

Advising the banking pool in connection with the financing of the acquisition of Quadran by Direct Energie

Pestalozzi advised SunTrust Banks, Inc. and KeyBanc Capital Markets, Inc. on all Swiss banking, takeover, capital markets and other Swiss law aspects in connection with the debt financing for the CHF280 million public tender offer made by BioTelemetry, Inc. for all publicly-held shares of LifeWatch AG, a SIX Swiss Exchange listed company. The public tender offer was funded by a combination of cash, BioTelemetry common stock and a USD205 million Term A Loan.

Advising a banking pool of 7 banking institutions (Société Générale CIB, BNP PARIBAS, Crédit Agricole CIB, HSBC, JP MORGAN, CIC Nord Ouest, Banque Commerciale du Marché Nord Europe) in connection with the financing of a €400 million RCF line of credit for OVH,  the European leader of the cloud, and with its debt refinancing. This operation will strengthen OVH financing structure to support its global expansion strategy over the next 5 years.

[Cologne/Frankfurt am Main, 2017-07-07] Shortly after the project financing for the second phase of the Trianel Windpark Borkum II offshore wind farm was successfully put in place, TRIANEL refinanced its Phase 1 facility from the year 2010. Completion of Phase 1 means that 40 wind turbines with a total output capacity of approximately 800 gigawatt hours per year have been feeding electricity into the grid since 1 February 2015. This capacity represents enough electricity to supply approximately 200,000 households with electricity.

Castleton Commodities International LLC (CCI), a global commodities merchant, closed two credit facilities totaling USD 3.6 billion. The facilities include a committed senior secured working capital facility and a committed unsecured revolving credit facility. The senior secured facility is comprised of a USD 1.25 billion 3-year tranche and a USD 2.0 billion 364-day tranche. The unsecured facility is comprised of a single USD 350 million 364-day tranche.