Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 17-01-2013 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | EIB Term Loan to Vestas Wind Systems A/S | Industry: | Alternative Energy |
| Description: |
Slaughter and May advised the European Investment Bank ('EIB') on the amendment and restatement of a EUR 200 million term loan to Vestas Wind Systems A/S ('Vestas'). The amendment and restatement of EIB's EUR 200 million term loan was part of a wider financing package provided to Vestas which also included (i) a revised EUR 900 million syndicated loan facility with a lender group of nine international banks which was structured as a EUR 250 million amortising term loan and a EUR 650 million revolving credit facility; and (ii) a revised term loan with the Nordic Investment Bank for EUR 55 million.
In addition to the amendment of Vestas' main credit facilities, Vestas also reached agreement on new guarantee facilities for the issuance of project related guarantees.
Financing: Ian Johnson (partner), Adrian Wilkes (associate), Tess Lister (associate).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Lender | Law Firm | Slaughter and May |
| Borrower | Norway | Lender | United Kingdom |
| Classification: |
Syndicated and Bilateral Loans Bilateral Loans |
Lawyer | Ian Johnson |
