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April 6, 2026

Willkie is advising Agence France Locale (AFL), a French bank 100% owned by local governments, on its acquisition of GE SCF S.C.A., a French covered bond issuer.

Agence France Locale recently announced that it entered into an agreement with GE Capital Global Holdings, LLC to acquire GE SCF S.C.A. The transaction provides AFL with a covered bond issuance vehicle to complement its senior debt program and is part of AFL's strategy to diversify its funding tools and optimize its access to financial markets.

The Willkie team is led by partner Gabriel Flandin and includes partner Thierry Laloum and associates Tala Ayoub, Kenza Faress and Anne-Laure Barel.
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Thierry Laloum Partner Corporate & Financial Services
Tala Ayoub
Tala Ayoub Associate Corporate & Financial Services
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Kenza Faress Associate Corporate & Financial Services
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Anne-Laure Barel Associate Corporate & Financial Services