Our recent highlights
Acting for Borrowers
- Nestlé S.A.: advising on its US$7.7bn unsecured revolving credit facility entered into with a syndicate of banks.
- Rio Tinto Plc: advising on the refinancing of its existing revolving credit facilities in the form of a new US$7.5bn multi-currency revolving credit facility.
- Glencore A.G.: advising on the refinancing of its main revolving credit facilities agreement totalling US$6.5bn.
- Viterra Finance B.V.: advising on the refinancing of its existing US$3.5bn one year and US$570m three-year revolving credit facilities.
- Vodafone Group Plc: advising on the amendment and restatement of its existing US$4bn and €3.9bn revolving credit facilities.
- Volkswagen AG: advising on its €10bn revolving credit facility agreement.
- Holcim Ltd: advising in relation to a €3bn multicurrency revolving facility agreement entered into with 24 lenders.
- The Oil and Gas Holding Company B.S.C. (nogaholding): advising Bahrain’s state oil company on its first sustainability-linked loan, a refinancing and upsize of its US$1.6bn Murabaha Facility to US$2.2bn.
- Ravago S.A.: advising on the refinancing of its existing €1bn secured borrowing base multicurrency credit facilities agreement.
- Petrofac Limited: advising a leading international services provider to the energy industry, on its completed equity capital raise and refinancing plan involving a total deal value of approximately US$1.155bn.
- Caffè Nero: advising on its refinancing by way of new unitranche facilities and a super senior RCF.
- TAURON Polska Energia S.A.: advising this major Polish energy producer, on its PLN4bn sustainability-linked loan.
- Safilo: advising on the €300m financing transaction granted by a pool of five lending banks to Safilo, a leading Italian eyewear company.
- Boston Gas Company: advising on a $200m term loan credit agreement to bridge its financing requirements to an anticipated long-term bond issuance.
Acting for Lenders
- WM Morrisons Supermarkets Plc: advising the joint underwriters, arrangers and bookrunners on a £5.75bn financing to a group of investors led by Fortress on its £6.3bn bid to acquire the supermarket chain.
- Schneider Electric SE: advising the banks as joint underwriters, mandated lead arrangers and bookrunners in respect of the French and English law aspects of a £4.1bn acquisition bridge facility agreement for the public listed French company.
- ArcelorMittal: advising the bank as sole mandated lead arranger on the initial fully underwritten financing and acquisition terms (including certain funds provisions) of the €3bn acquisition facilities made available to ArcelorMittal to assist with two acquisitions.
- U.S. Silica: advising the lead arrangers and lenders in connection with a fourth amended and restated credit agreement with an aggregate principal amount of US$1.1bn with a TLB of US$950m and a revolving credit facility of US$150m provided to U.S. Silica.
- BAE Systems plc: advising the underwriters on BAE Systems plc’s US$5.55bn acquisition of Ball Aerospace from Ball Corporation.
- Reliance Industries Limited: advising the banks in relation to two multi-currency syndicated term loans totalling US$3bn for Reliance Industries Limited and Reliance Jio Infocomm Limited.
- TAQA: advising the documentation agent and the global coordinators on a US$3.5bn revolving credit facility for Abu Dhabi National Energy Company PJSC (TAQA).
- ASR Nederland N.V.: advising the arranger and lender on a fully underwritten bridge financing to support ASR Nederland N.V. on a business combination with Aegon N.V. for a total consideration of €4.9bn.
- A.P. Møller – Mærsk: advising the lenders on a US$5bn sustainability-linked multi-currency revolving credit facility.
- Leonardo S.p.A: advising the mandated lead arrangers and bookrunners on a €2.4bn ESG-linked credit facility made available to the company.
- GN Store Nord A/S: advising the lenders in connection with an €1bn bridge loan facility provided to the company.
- Oatly Group AB: advising the lenders on a pre-IPO, English-law governed, SEK3.6bn sustainability-linked secured multicurrency revolving credit facility for the group.
- Ocado Group: advising the bank syndicates on a debt and equity capital raising for the online grocery technology business, Ocado Group, comprising a debut £300m revolving credit facility and a £578m equity placing.
- Volcan Compañia Minera S.A.A.: advising the joint lead arrangers and bookrunners and a syndicate of lenders in connection with a US$400m senior unsecured term loan facility.
Awards and Rankings
UK
- Band 1 for Banking & Finance: Lenders: Big Ticket
Chambers UK 2024 - Band 1 for Banking & Finance: Borrowers: Big Ticket
Chambers UK 2024 - Tier 1 for Bank lending: Investment Grade Debt & Syndicated Loans
Legal 500 UK 2024
EMEA
- Band 1 for Banking & Finance
Chambers Belgium 2023 - Band 1 for Banking & Finance
Chambers Luxembourg 2023
- Band 1 for Banking & Finance
Chambers Italy 2023 - Band 1 for Banking & Finance
Chambers Portugal 2023 - Band 1 for Banking & Finance
Chambers Spain 2023 - Band 1 for Banking & Finance
Chambers United Arab Emirates 2023
Asia
- Band 1 for Banking & Finance
Chambers Singapore 2023
- Band 1 for Banking & Finance
Chambers Asia-Pacific - China 2023
- Band 2 for Banking & Finance
Chambers Asia-Pacific 2023
Global
- Band 1 for Banking & Finance
Chambers Global 2023
Quotes
- “The team provides technically excellent, powerfully commercial and extremely responsive.”
Legal 500 UK 2024 - "Linklaters provide consistently high quality and accurate and commercial advice."
Chambers UK 2024 - "The various Linklaters branches have been able to efficiently collaborate and communicate together, which eased our work and positively impacted our experience."
Chambers Europe 2023
- "They quickly understand the commercial rationale and pressure points. The partners are able to suggest where compromise is reasonable or on market but also defend a corner when needed."
Chambers UK 2024
Our News
Cross-border Public M&A Financing Guide
25 September 2023
Our updated cross-border public M&A financing guide highlights key aspects of law and regulation which are relevant when financing a public takeover of a company in selected jurisdictions including: Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, the United Kingdom and the United States.
Financing solutions for “fallen angels” and crossover credits
23 März 2023
Recent market volatility has resulted in reduced liquidity and appetite for credit risk. Labour shortages, supply disruptions, high levels of inflation and increased borrowing costs caused by rising interest rates have created additional pressures on businesses. Some businesses may need to engage with their lenders and agree a refinancing of their capital structure. Read our overview of the refinancing options which are available to “fallen angels” and crossover credits.
Revised market standards for sustainability-linked loans, green loans and social loans
27 Februar 2023
On 23 February 2023, a joint working group which included the LMA, the APLMA and the LSTA published updated Sustainability-Linked Loan Principles, Green Loan Principles and Social Loan Principles together with related guidance. The changes made are intended to reflect market developments and ensure that these publications continue to promote the development and integrity of sustainability-linked, green and social loans.
Key Contacts
For more information on how we can support you, please speak to our lawyers below.
Explore our key Banking services
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Asset Finance
The multi-disciplinary approach and global reach of Linklaters' Asset Finance practice offer major asset finance industry participants a critical competitive advantage.
Corporate and Structured Lending
Linklaters has a broad banking practice at the top of the market with leading relationships with all major banks and corporates in the syndicated loan market.
Financial Structuring - Prudential Regulation
Advising global banks and other financial institutions on financial structuring transactions, including providing prudential regulatory expertise.
High Yield
Linklater’s high yield group is fully integrated into the firm’s banking and private equity practices and comprises highly regarded lawyers with leading high yield and restructuring expertise.
Margin Lending
We have acted on nearly every high profile European margin loan in the last five years and we are the pre-eminent creditor-facing margin lending team in Europe.
Real Estate Finance
Linklaters' global real estate finance team combines the experience of the firm's pre-eminent finance, real estate and tax practices.
Restructuring and Insolvency
Linklaters' global restructuring and insolvency lawyers handle the world's most challenging and significant domestic and cross-border assignments.
Trade Finance
Trade finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.
Banking Litigation
Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.