Slaughter and May advised FirstGroup plc in relation to a new £800 million revolving credit and guarantee facility (including an accordion feature of £150 million). The new facility has a five year tenor and refinances the group's existing revolving credit facility. It was coordinated by Abbey National Treasury Services PLC (trading as Santander Global Banking & Markets) and The Bank of Tokyo-Mitsubishi UFJ, Ltd., with The Royal Bank of Scotland plc as Agent.

CONTACTS

Financing: Ed Fife (partner), Rama Salih (associate); Tax: William Watson (partner), George Mitchell (associate)