9 November 2020
Clifford Chance advises the underwriters and trustee on Getlink's successful offering of €700 million 3.5% Green Bonds due October 2025
Leading international law firm Clifford Chance has advised the arrangers in connection with Getlink's offering of €700 million 3.5% Senior Secured Notes due October 2025. In addition to the issuance of the notes, Clifford Chance also advised the arranger's in connection with Getlink's new €75 million revolving credit facility, ranking super senior to the notes and sharing a common transaction security package.
A separate team within Clifford Chance advised the security agent, trustee and paying agent in relation to the note issuance, revolving credit facility and transaction security.
Getlink is a key player in mobility infrastructures and international transport as well as a leader in eco-responsible transport and, among other things, it is the holding company of the manager and operator of the Channel Tunnel between England and France.
The notes offering is certified as a green bond under the current criteria of the International Capital Markets Association’s Green Bond Principles. The proceeds of the notes will redeem the existing €550 million Green Bond and finance capital expenditure in relation to the Group’s ElecLink project and other eligible green assets.
The Clifford Chance teams, based in London, were led by partners David Bickerton, Charles Cochrane, Michael Dakin, Daniel Zerbib and Louise Keary. The partners were supported by senior associates Phoebe Bower, Yara Fadayel, Emily James and Nirmalya Ganguly, and associates Nnesochi Ajukwu and Quentin Hervé.