Willkie advises international railway equipment manufacturer in its refinancing.
Willkie recently advised Faiveley Transport in the refinancing of its syndicated loan and part of its bilateral revolving facilities, replacing them with a new syndicated loan. This new facility comprises a five-year, amortizing loan of €225 million and a multi-currency revolving facility of €125 million. This refinancing provides Faiveley, the leading worldwide supplier of high-tech components for rail systems, with increased financial flexibility, improved credit conditions and an extension of the average debt maturities, while broadening its banking pool. The matter was handled by partners Eduardo Fernandez and Paul Lombard, and associate Stanislas Curien.