Loan Finance

Our experience includes advising:

Barratt Developments PLC, one of the largest house building groups in the UK, on the agreement of a complete debt refinancing package announced in May 2011.  The package includes, among other things, new £770 million committed bank revolving credit facilities.

Tata Steel on the refinancing of the bank debt of its European operations, including a Senior Facility Agreement with a syndicate of 13 banks for £3.53 billion which replaces the facilities entered into when Tata Steel acquired the Corus Group.

Ministry of Finance of the Republic of Greece in relation to the provision of loans of up to EUR80 billion to Greece by the other member states of the European Union which are in the Euro area.

Prudential plc on the financing arrangements in connection with the proposed combination of Prudential and AIA Group Limited. The combination did not proceed but the financing documents were signed, and included, among other things, a committed US$5.4 billion hybrid capital facility and a £1 billion committed contingent facility.

CEMEX, S.A.B. de C.V. on the complex and multi-jurisdictional refinancing of approximately US$15 billion of its existing debt, comprising syndicated loan facilities, private placement notes and bilateral loan agreements.

BHP Billiton, the world's largest diversified natural resources company, on the acquisition financing for its cash offer for Potash Corporation of Saskatchewan Inc. The financing consisted of committed bank facilities of US$45 billion. The acquisition did not proceed.

Qatar National Bank (S.A.Q.) on the £1.15 billion financing of two landmark developments, known as The Shard of Glass and London Bridge Place (formerly known as New London Bridge House). The borrower is LBQ Limited, an entity which is majority owned by the State of Qatar.

British Airways in relation to its US$1.7 billion multi-option facility used to finance aircraft delivered over five years.

Taylor Wimpey, one of the largest house building groups in the UK, on the refinancing of its debt, including a revised £950 million credit facility, a £250 million high yield bond and a £100 million private placement loan.