CC, Freshfields land BAA refinancing gig

Clifford Chance and Freshfields Bruckhaus Deringer won the lead roles on BAA’s £13.3bn refinancing.

Freshfields represented BAA after also advising its owner Ferrovial when it took the airport ­operator private in 2006.

The team was led by London finance partners Marcus Mackenzie and Ian Falconer.

Clifford Chance advised the lead arranging banks on a series of complex debt restructurings, bond arrangements and loans.

Other firms on the deal ­included Latham & Watkins for liquidity facility provider Lloyds TSB, CMS Cameron McKenna for the BAA pension fund trustee and Linklaters for BAA’s ­existing bonds trustee.