The London office of Debevoise & Plimpton LLP has advised SPIE on arrangements for the refinancing of its debt, which currently includes facilities totalling €2.16 billion.
The refinancing included a new senior credit facility of €625 million and the raising of an additional €186 million second lien facility, as well as amendments to existing senior facilities to include a new €100 million loan facility for the purpose of financing future acquisitions.
The refinancing enabled the early redemption of €375 million of high yield notes, along with the partial repayment of shareholder loans.
SPIE is a European leader in multi-technical services in the areas of energy and communication. It supports its customers to design, build, operate and maintain facilities that are energy-efficient and environmentally friendly.
The Debevoise team was led by London based partners Alan Davies
and Raman Bet-Mansour
, and included associates Thomas Smith and Felix Paterson. Tax advice was provided by London co-managing partner Richard Ward
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.