Salans Teams Up with Pinsent Masons on Dual-Tranche Revolving Credit Facilities with HSBC and Rabobank International

Salans has teamed up with Pinsent Masons to advise HSBC Bank plc and Rabobank International as co-ordinating mandated lead arrangers providing EUR 75.4 million and GBP 65 million facilities to Gerber Emig Group. The facility also included Commerzbank, Lloyds Banking Group and The Royal Bank of Scotland as mandated lead arrangers and Santander as lead arranger.

The proceeds of the facility will be used to refinance existing debt. The borrower, whose subsidiary Emig is headquartered in Hamburg, is based in the UK but also has manufacturing operations in Germany, France and Poland. Consequently, the transaction required advice to be given in respect of each of English (Pinsent Masons), German (Salans), French (Salans) and Polish (Salans) law.

Commenting on the deal, HSBC Bank plc Director Matthew Osborne said, "The legal process on this deal went very smoothly and we thought Pinsent Masons and Salans did an excellent job. The Alliance between the two firms, who between them covered all the work on the deal in the UK, Germany, France and Poland, provided a seamless service from a client perspective."

The transaction team was led by Pinsent Masons' Banking partner Chris Tart, supported by solicitors Beverley Roberts and Liam Terry in London, with the Salans team comprising Philippe Max and Maria Nenova in Paris, Hermann Meller in Berlin and Michal Mezykowski in Warsaw.

Salans has 750 lawyers, of which 180 are partners, globally operating from 21 offices worldwide. The Global Banking and Finance Group has over 150 lawyers worldwide and its capabilities include project finance, banking (including corporate finance, acquisition finance, leveraged finance and real estate finance), capital markets, asset finance, consumer finance, derivatives, regulatory, securities, structured finance as well as securitisation. Bringing together the skills of more than 1800 lawyers worldwide across 18 countries, the association between Salans and Pinsent Masons augments Salans’ capability to handle large-scale international projects across complementary sectors.

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