31 May – LAWFUEL – The Law News Network – Linklaters has advised BNP…

31 May - LAWFUEL - The Law News Network - Linklaters has advised BNP Paribas and Deutsche Bank as mandated lead arrangers on a US$1 billion multicurrency revolving credit facility for Deutsche Börse AG and Clearstream Banking S.A. which is to be used as part of Deutsche Börse Group's liquidity reserves. The facility replaces and combines the previous EUR 400 million revolving facility of Deutsche Börse AG and the previous US$1 billion revolving facility of Clearstream Banking S.A. Due to their different risk weighting, the core terms of the agreement had to be structured so as to differentiate between the individual borrowers and to provide for different sanctions depending on the identity of the borrower in default. The Linklaters team was led by partner Giles White in London, assisted by Wolfgang Kotzur and Angus Rose. Janine Biver, Isabelle Jaspart, Carl-Peter Feick, Julian Zaich and Octavie Belot provided banking advice in Luxembourg and Frankfurt. Giles White, global head of finance and projects, said: "We are delighted to have advised BNP Paribas and Deutsche Bank on this high value revolving credit facility." Ashurst advised the borrowers.

31 May – LAWFUEL – The Law News Network – Linklaters has advised BNP…

About The Author

Law Admin

Subscibe to LawFuel

About The Author

Law Admin

Read More