Hogan Lovells has advised Alstom Holdings in relation to its extension of a multi-currency resolving dual-tranche committed bonding guarantee facility until July 2016 for an amount increased from €8.275bn (£7bn) to €9bn (£7.6bn).
As part of Alstom’s corporate financing and the growing activity of the group, the committed facility provides the financial framework to maximise the competitiveness of Alstom’s operations on a global scale.
Under the terms of the facility, a syndicate of issuing banks — including BNP Paribas, Crédit Agricole Corporate & Investment Bank, Natixis and Société Générale Corporate & Investment Banking as bookrunners and mandated lead arrangers — will issue bonding guarantees for the benefit of beneficiaries, which conclude industrial commercial contracts with Alstom’s subsidiaries worldwide.
The Hogan Lovells team was led by global capital markets practice area partner Sharon Lewis, assisted by counsel Reza Mulligan, Sonya Saxena and Audrey Minnie in Paris.
Freshfields Bruckhaus Deringer advised the syndicate of banks.