Slaughter and May advised ISS on its EUR 1 billion refinancing

Slaughter and May advised ISS, one of the world’s leading facilities services companies, in relation to the refinancing of its existing credit facility with a new EUR 1 billion revolving credit facility.  The new revolving credit facility has been made available by a syndicate of existing and new banking partners, matures in November 2022 and is not subject to financial covenants (although the margin on the facility is set by reference to a semi-annual leverage grid).  

Slaughter and May worked alongside the ISS internal legal and treasury team and also with Gorrissen Federspiel, who advised on matters relating to Danish law.