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.  

Robert Byk Partner
Mike Lane Partner