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.
24 February 2015
Deals | France | Clifford Chance and Gide on the refinancing of Eiffarie and APRR's debt for a total amount of €3.3 billion
Eiffarie and the motorway concession holder APRR (Autoroutes Paris-Rhin-Rhône), which both are owned by Eiffage and Macquarie managed funds, have completed on 23 February 2015 the second refinancing, for an amount of €1.5 billion, of the debt initially incurred by Eiffarie for the acquisition of APRR and the implementation of a new revolving credit facility (RCF) for APRR in an amount of €1.8 billion. This new credit facility, replacing the €0.7 billion existing undrawn revolving facility, increases APRR's liquidity by €1.1 billion.
Clifford Chance advised the sponsors Eiffage and Macquarie with a team led by Daniel Zerbib, partner, with the support of Benjamin de Blegiers, counsel, Guy Abehsera, Chloé Desreumaux and Audrey Manera on the debt aspects and Fabien Jaquemard on Eiffarie's rate hedging agreements. Katia Gruzdova, counsel, advised the sponsors on the tax aspects of the refinancing.
Gide advised the syndicate of lenders, consisting of 18 banks, with a team led by Eric Cartier-Millon, partner, with the support of Laetitia Lemercier, counsel, Nathalie Benoît, Ginevra Marega and Aline Lariitchouk on the debt aspects, and Karine Imbrosciano, partner, and Claire-Marine Costa-De Jonckheere on Eiffarie's rate hedging agreements.
