Clifford Chance advises syndicate of lenders on US$300 million term loan facility for Marel

International law firm Clifford Chance advised a syndicate of lenders (coordinated by BNP Paribas and comprising ABN AMRO, BNP Paribas, Danske Bank, HSBC, ING, Rabobank and UniCredit) on a €300,000 term loan facility 000 USD for Marel.

Marel is one of the world’s leading suppliers of advanced food processing equipment, systems, software and services to the poultry, meat and fish industries and is listed on Euronext Amsterdam. Learn more about Term Loan here.

This transaction builds on Clifford Chance’s longstanding relationship with the lenders’ syndicate and the Marel Group, having previously advised the lenders on the implementation of a €700 million revolving credit agreement in February 2020 and a €150 million bridge loan agreement relating to the Acquisition of Wenger by Marel in April 2022.

The cross-border team was led from Amsterdam by Angela McEwan and further included Lewis Whyte and David Woolmer (Finance, Amsterdam (English law)), Titus de Vries, Martine Trip, Inge De Bruin and Menno Postma (Finance, Amsterdam (Dutch law) )), Robin Houtveen and Nolan Groenland (Tax, Amsterdam), Evan Cohen, Andrew Young, Chiemaka Chukwu and Thomas McGowan (Finance, New York) and Paul Koppel and Thomas Koh (ERISA, New York).

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