Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 06-06-2017 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Wood Group Committed Syndicated Term and Revolving Facilities | Industry: | Oil Equipment, Services & Distribution |
| Description: |
Slaughter and May advised Wood Group in relation to the USD2.75 billion of committed syndicated term and revolving credit facilities (comprising a USD1 billion three year term loan facility and a USD1.75 billion five year revolving credit facility), put in place in anticipation of Wood Group's recommended all-share offer to acquire Amec Foster Wheeler.
The new facilities were expected to be applied to refinance in full and replace Wood Group's existing bilateral revolving credit facilities and, following completion of the acquisition, Amec Foster Wheeler's existing syndicated term and revolving credit facilities. The new facilities were underwritten by BNP Paribas, HSBC, JP Morgan, Lloyds and RBS (trading as NatWest Markets) and were expected to be syndicated to a wider group of lenders, including existing lenders to Wood Group and Amec Foster Wheeler as well as new lenders.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Slaughter and May |
| Borrower | United Kingdom | Lender | United Kingdom |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Matthew Tobin |
