Global law firm White & Case LLP has advised BNP Paribas, which acted as lender, arranger, facility agent and security agent, on the amend-and-extend transaction which refinanced Elis’ debt of €1.897 billion.
The deal was executed with the proceeds of senior secured high yield notes issuance and the proceeds of privately placed Subordinated and PIK notes instruments.
Elis is a leading multiservice provider for flat linen, garment, hygiene and well-being services and is fully-owned by the French private equity firm Eurazeo.
The White & Case team included partners Raphaël Richard, Denise Diallo and associates Stanislas Curien, Roman Picherack, Thierry Pujol, Marie-Alix Charvin and Adrien Moretti in Paris, partner Christian Pilkington and associates Ben Wilkinson and Rachel Abel in London and partner Muriel Alhadeff and associate Benoît Corbisier de Méaultsart in Brussels.
