Salans Paris has teamed up with Pinsent Masons to advise The Royal Bank of Scotland plc and HSBC Bank plc as co-ordinating mandated lead arrangers providing £350 million and EUR 40 million of secured term and revolving credit facilities to Safestore Holdings plc.
The facilities will be made available to Safestore Holdings plc and certain of its subsidiaries, including Une Pièce en Plus SAS in France, and the proceeds will be used to refinance existing debt and for the group's general corporate purposes. The transaction required advice to be given in respect of the suite of facility and security documentation under both English and French law.
Commenting on the deal, Dave Rome, The Royal Bank of Scotland plc Managing Director, said "Pinsent Masons and Salans did an excellent job on this transaction - the Alliance between the two firms delivers seamless, comprehensive, consistently high quality advice in the UK and France.".
The transaction team was led in Paris by Salans' Banking partner Philippe Max, supported by Maria Nenova, with the Pinsent Masons team comprising Chris Tart, Suggen Dosanjh and Marine Stroud in London.
Contacts
Paola Pozzi-Dazza, Marketing & Communication Manager
Tel.: +33 1 42 68 92 72 Fax: +33 1 42 68 70 60
E-mail: ppozzi@salans.com