Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 27-02-2015 | Practice Area: | International Finance and Bank Credit | ||||||||
| Deal Title: | Eiffarie - APRR Refinancing Term Loan and RCF | Industry: | Industrial Transportation | ||||||||
| Description: |
Eiffarie and the motorway concession holder APRR (Autoroutes Paris-Rhin-Rhone), which both are owned by Eiffage and Macquarie managed funds, completed on 23 February 2015 the second refinancing, for an amount of EUR1.5 billion, of the debt initially incurred by Eiffarie for the acquisition of APRR and the implementation of a new revolving credit facility (RCF) for APRR in an amount of EUR1.8 billion. This new credit facility, replacing the EUR0.7 billion existing undrawn revolving facility, increased APRR's liquidity by EUR1.1 billion.
Clifford Chance advised the sponsors Eiffage and Macquarie with a team led by Daniel Zerbib, partner, with the support of Benjamin de Blegiers, counsel, Guy Abehsera, Chloe Desreumaux and Audrey Manera on the debt aspects and Fabien Jaquemard on Eiffarie's rate hedging agreements. Katia Gruzdova, counsel, advised the sponsors on the tax aspects of the refinancing.
|
||||||||||
| Financial Center: | Paris | Value: | 1000.01-5000.00 | ||||||||
| Advised Party: | Borrower | Law Firm | Clifford Chance | ||||||||
| Borrower | France | Lender | France | ||||||||
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Daniel Zerbib | ||||||||
| Further Information: |
|
||||||||||
View PDF
