Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 01-08-2017 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Chequers Capital Refinancing of the Existing Liabilities of Cordenka | Industry: | Chemicals |
| Description: |
Ashurst advised private equity investor Chequers Capital on the refinancing of the existing liabilities of its portfolio company Cordenka.
The refinancing volume amounts to EUR132.5 million. Chequers acquired the leading global manufacturer of industrial rayon yarn for the tire industry in 2011.
Barings Global Advisers Limited (Barings) and Goldman Sachs Bank USA (Goldman Sachs) (both senior lenders) as well as Commerzbank Aktiengesellschaft (super senior revolving facility lender) acted as lenders, Elavon Financial Services DAC, UK Branch (Elavon) as agent and US Bank Trustees Limited (US Bank Trustees) as security agent.
|
||
| Financial Center: | Frankfurt | Value: | 100.01-500.00 |
| Advised Party: | Borrower | Law Firm | Ashurst |
| Borrower | Germany | Lender | Germany |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Anne Grewlich |
