Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
17 September 2018
Deals | France | Banking & Finance
Gide has advised Nexity on the implementation of a five-year EUR 2.3 billion syndicated corporate credit facility, expiring in July 2023. This facility comprises a EUR 500 million cash credit line and EUR 1.8 billion in guarantee commitments (engagements par signature, notably including performance bonds and bank guarantees).
The banking syndicate was made up of seven financial institutions: Banque Européenne du Crédit Mutuel, CACIB, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile de France, Arkéa Banque Entreprises et Institutionnels, Natixis (with its subsidiary CEGC), Socfim (BPCE), and Société Générale.
CA CIB acted as coordinator and financing agent.
This new credit facility replaces the existing facility entered into by the Group, which was due to expire in December 2018. It will help provide the cash necessary to meet the general financing needs for the Group's development.
The Gide team advising Nexity on this transaction comprises partner Rémi Tabbagh and associate Eric Bolis.
