20 December – LAWFUEL – The Law News Network – Allen & Overy has advised ING Bank N.V. on the refinancing of PrimaCom. The financial restructuring of the cable network operator based in Mainz, Germany was successfully completed to secure the future of the PrimaCom group.
The mandate included advising ING Bank N.V. in connection with the refinancing of existing debt valued at several hundred million euros. The deal included the repayment of a Senior Secured Facility amounting to €462 million and the settlement of a Second Secured Facility by a repayment of €375 million. The refinancing was made, in part,, by a €300 million Senior Credit Facility (including a €20 million Overdraft Facility) arranged by ING Bank N.V.
The Allen & Overy team was led by partner Andrew Thomas (based in Amsterdam), assisted by Caroline De Basto, Charlotte Leather and Mark Manson-Bahr. The German Allen & Overy team was led by Frankfurt partner Wolfgang Melzer (banking and finance), Hamburg partner Dr. Mark Hoenike (telecommunications) and Frankfurt partner Dr. Asmus Mihm (tax), assisted by Nicole Guski, Dr. Christian Haslach, Filip Kurkowski (all banking and finance, Frankfurt), Ulf Zimmerling, Dr. Markus Beck, Philipp Ehring (all corporate law, Frankfurt) and Dr. Michael Goldmann (trademark and copyright law, Hamburg).
For further information, please contact Andrew Thomas ([email protected]) on +31 (0)20 674 1402 or Wolfgang Melzer ([email protected]) on +49 (0)69 2648 5724.