A&O Shearman has advised the arrangers and other finance parties on a EUR2.8bn refinancing for IFCO, a global leader in reusable packaging containers for fresh foods and a portfolio company of Triton, a leading European sector-specialist investor.
The refinancing package comprises a EUR2.4bn term loan B and a EUR400 million revolving credit facility, providing IFCO with enhanced financial flexibility and supporting its continued growth and strategic initiatives.
A&OShearman finance partner Thomas Neubaum said: "We are proud to have supported the arrangers and finance parties on this important refinancing for IFCO. The transaction demonstrates the continued strength and resilience of the European leveraged finance market and IFCO's robust growth trajectory and the confidence of its stakeholders."
A&O Shearman counsel Alex Charles added: "This deal highlights A&O Shearman's ability to deliver seamless advice on dynamic, cross-border, large scale financings. We remain dedicated to supporting our clients as they pursue ambitious growth and innovation in their respective industries."
The cross-border A&O Shearman team was led by partners Thomas Neubaum and counsel Alex Charles, along with partner Marc Plepelits, senior associate Can Altan, and associates Yasmin Love, Craig Shackleton, and Deborah Wathome, who provided comprehensive legal counsel on all aspects of the refinancing.