30 June 2015
Deals | France | Projects (Finance & Infrastructure)
Atlandes, whose shareholders include Colas Sud-Ouest, Aximum, Spie batignolles, NGE Concessions, Egis Investment Partners France, European Motorway Investments and DIF, has just announced the refinancing of loans it received in 2011 for the initial financing of the concession for the A63 motorway section between Salles and Saint-Geours-de-Maremne, in south-west France.
The refinancing transaction involves an €860 million credit facility with a 25-year maturity made available to Atlandes by a bank pool comprising Banca IMI, BBVA, BNP Paribas, CIC, Crédit Agricole CIB, ING Bank and Société Générale. Institutional investors, including La Banque Postale Asset Management and Scor, also took part in the transaction.
Gide advised Atlandes on its relationship with the French government, with a team comprising partner Thomas Courtel and counsel Marie Bouvet-Guiramand.
Clifford Chance advised Atlandes on its relationship with the lenders.
Willkie Farr & Gallagher advised the lenders.