Allen & Overy (Stephen Kensell) advised Barclays Capital, Citibank/SSSB, Deutsche Bank, HSBC, JP Morgan and the Royal Bank of Scotland on a £3.5bn revolving credit facility for mm02, the BT Wireless demerged section of BT. Freshfields Bruckhaus Deringer advised mm02.
Clifford Chance (Robert Lee) advised International Power on a $540m (£371.31m) revolving credit and letter of credit facility. The main banks, ABN Amro, Deutsche Bank, ING Barings and the Royal Bank of Scotland, were represented by Linklaters & Alliance. Debevoise & Plimpton (Andrew Sommer, Geoffrey Burgess, Colin Bogie, Steven Goss, Andrew Berg) acted for an ad hoc committee of Global TeleSystems Europe bondholders on the sale and restructuring of the Global TeleSystems Group (GTS). GTS was represented by Shearman & Sterling, while Cleary Gottlieb Steen & Hamilton and Fried Frank Harris Shriver & Jacobson acted for the bond acquirer KPNQwest. Norton Rose advised GPS senior lenders Deutsche Bank, Bank of America and Dresdner Bank.