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Herbert Smith Freehills Paris LLP assists on €650 million in financing for Avril Group

30 August 2016 | Paris
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The Avril Group has just announced it has raised €880 million in financing for its strategic plan AVRIL 2020 through a combination of a €650 million club deal and €230 million in trade receivables securitisation.

The Avril Group has just announced it has raised €880 million in financing for its strategic plan AVRIL 2020 through a combination of a €650 million club deal and €230 million in trade receivables securitisation.

 AVRIL has thereby boosted its sources of financing:

the €650 million club deal sees the emergence of a new banking pool organised around the Group's traditional banks and new international partners;
the existing securitisation programme has been expanded and optimised, going from €150 million to €230 million.

 The financing was arranged by:

Natixis and Société Générale CIB (Coordinators), for the club deal
Crédit Agricole CIB for the securitisation programme.

 Herbert Smith Freehills Paris LLP advised the Coordinators of the club deal with a team led by Laure Bonin (partner) assisted by Romain Guirault and Ariane Schembri.

 

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Media contact:
Sonal Ladwa
Business Development Lead, Paris
+33 1 53 57 72 28
sonal.ladwa@hsf.com