IFLR1000

Pirelli €6.4 billion refinancing

26/7/2016
Financing, Refinancing
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€ 6.4 billion

$ 7.152 billion

Completed

26/7/2016

Overview:

  • Pirelli has undertaken a €6.4 billion debt refinancing with a group of 19 lenders.
  • The deal consists of a €5.4 billion term loan and €1 billion revolving credit facility.
  • The refinancing was undertaken in the context of the acquisition of Pirelli by ChemChina.

Sam Duke - Editor

Jurisdiction:

Italy

Deal types:

Financing
Refinancing

Practice area:

Banking

Governing law:

Italy

Industry sectors:

Industrials and manufacturing
Automotive

Firms:
Clifford Chance

Party: Pirelli (Borrower)

Lawyers: Charles Adams, Ferdinando Poscio

Latham & Watkins

Party: JPMorgan Chase (Arranger)

Lawyers: Jeffrey Lawlis, Jeffrey Lawlis

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