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Össur - Refinancing
Slaughter and May, working as an integrated team with lawyers in twelve jurisdictions, has advised Össur, an Iceland-based global leader in non-invasive orthopaedics, on its US $231 million refinancing with three international banks, ING, Nordea and SEB. The deal marks a milestone for Össur as the Company has now established international access to both debt and equity financing.
The financing, announced on 09 March 2011, comprises a US $120 million multicurrency amortising term loan and a US $111 million multicurrency revolving credit facility for general corporate purposes and acquisitions. The financing is for five years and matures in 2016.
Logos Legal Services advised on Icelandic law.
Contacts
Ian Hodgson (partner), David Brighton (associate), Chana Abrams (associate)
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