IFLR1000

Nexans €600 million revolving loan facility

14/12/2015
Financing
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€ 600 million

$ 637.909 million

Completed

14/12/2015

Overview:

  • French industrial cabling company Nexans successfully secured a €600 million multi-currency revolving credit facility with a five year tenure.
  • Banco Santander, BNP Paribas, Commerzbank Aktiengesellschaft, Crédit Agricole CIB, HSBC, Natixis, Nordea Bank Norge and Société Générale CIB acted as mandated lead arrangers and bookrunners, and Credit Industriel et Commercial, ING and JPMorgan were lead arrangers.
  • Nexans' Belgian subsidiaries were also party to the refinancing.
  • The facility was a renewal of an existing €596 million loan extended to to the company in 2011. 

John Crabb - Journalist

Jurisdictions:

Belgium
France

Deal type:

Financing

Practice area:

Banking

Industry sectors:

Industrials and manufacturing
Technology and telecommunications

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Nexans (Borrower)

Lawyers: Laurent Ruzette, Valérie Lemaitre

Hogan Lovells

Party: Banco Santander (Mandated lead arranger, Bookrunner)

Party: BNP Paribas (Mandated lead arranger, Bookrunner)

Party: Commerzbank AG (Mandated lead arranger, Bookrunner)

Party: Credit Agricole Corporate and Investment Bank (Mandated lead arranger, Bookrunner)

Party: HSBC (Mandated lead arranger, Bookrunner)

Party: Natixis (Mandated lead arranger, Bookrunner)

Party: Nordea Bank (Mandated lead arranger, Bookrunner)

Party: Société Générale Corporate & Investment Banking (Mandated lead arranger, Bookrunner)

Party: Credit Industriel et Commercial (Lead arranger)

Party: ING (Lead arranger)

Party: JPMorgan Chase (Lead arranger)

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