Slaughter and May, working as part of an integrated team with Cravath, Swaine & Moore LLP, advised INEOS Finance plc and INEOS US Finance LLC (the “Borrowers”) in connection with the incurrence of new USD 1,200,000,000 and EUR 800,000,000 term loans under the Borrowers’ existing Term Loan B financing agreement (the “Credit Agreement”) and certain amendments to the Credit Agreement including the establishment of Term SOFR as an alternative rate of interest for all existing USD-denominated loans. The proceeds of the new term loans will be used for, among other things, the repayment (including by way of “cashless roll”) and upsize of existing USD- and EUR-denominated term loans due 2024 under the Credit Agreement.
Slaughter and May was also pleased to work alongside Hengeler Mueller (Germany), NautaDutilh (Belgium), Bredin Prat (France), Mourant Ozannes (Jersey), Norton Rose Fulbright (Luxembourg), TSMP Law Corporation (Singapore), Advokatfirmaet BAHR (Norway), Lenz & Staehlin (Switzerland), Gowling WLG (Alberta, Canada), Stikeman Elliot (Ontario, Canada), and Cox & Palmer (Nova Scotia, Canada).
Oliver Smith / Trainee, Ewan Ferguson / Trainee, Janet Wong / Trainee, Mira Motani / Trainee, Helen Byrne / Trainee, Maggie Sawant / Trainee, Anna Winter / Trainee, Henry Day / Trainee