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.
26 February 2020
Deals | France | Banking & Finance
On 27 February 2020, Eiffarie and motorway operator APRR, both owned by Eiffage and Australian infrastructure fund Macquarie, went ahead with the EUR 1.07 billion third refinancing of the debt contracted by Eiffarie to acquire APRR, as well as the implementation, for APRR, of a new renewable EUR 2 billion credit line. This new credit line increases the liquidity of APRR by over 10%, and replaces the existing renewable EUR 1.8 billion credit line, so far undrawn.
This refinancing is innovative because the facility margin will partially depend on APRR's performance in improving health & safety and reducing its carbon footprint. This mechanism makes Group Eiffage one of the first European construction and concession groups to integrate such performance criteria in its financial documentation.
Clifford Chance represented sponsors Eiffage and Macquarie.
The lenders were represented by Gide, with a team headed by partner Laetitia Lemercier, working with associates Marion Nicolas and Clara Toubert.
