Hogan Lovells has advised ALSTOM Holdings in relation to its extension of a multi-currency revolving dual-tranche committed bonding guarantee facility until July 2016 for an increased amount from €8.275 billion to up to €9 billion.
As part of ALSTOM’s ongoing corporate financing and the growing activity of the Group, the committed facility provides the financial framework to maximise the competiveness of ALSTOM’s operations on a global scale.
Under the terms of the committed facility, a syndicate of issuing banks, including BNP Paribas, Crédit Agricole Corporate & Investment Bank, Natixis and Société Générale Corporate & Investment Banking as Bookrunners and Mandated Lead Arrangers will issue bonding guarantees for the benefit of beneficiaries which conclude industrial commercial contracts with ALSTOM’s subsidiaries world-wide.
The Hogan Lovells team was led by global Capital Markets Practice Area Partner, Sharon Lewis assisted by Counsel Reza Mulligan, Sonya Saxena (associate) and Audrey Minnie in Paris.
Freshfields Bruckhaus Deringer LLP advised the syndicate of banks.
Commenting on the deal, Sharon Lewis said: “We have acted for ALSTOM, a long-standing client, in relation to its global bonding programme, which represents a significant part of the ALSTOM group’s core financing arrangements, from its inception in 2003 and are delighted to have advised ALSTOM in this latest transaction.”
