Clifford Chance advises a syndicate of lenders on a USD 300 million term loan facility for Marel

Clifford Chance advises a syndicate of lenders on a US$300 million term loan facility for Marel

18 November 2022

Angela McEwan, Lewis Whyte, David Woolmer, Titus de Vries, Martine Trip - Meijboom, Robin Houtveen, Nolan Groenland, Evan Cohen (He/Him), Andrew Young, Chiemaka Chukwu, Thomas McGowan, Paul Koppel, Thomas Koh (He/Him)
Amsterdam, New York

Clifford Chance advises a syndicate of lenders on a US$300 million term loan facility for Marel

International law firm Clifford Chance has advised a syndicate of lenders (coordinated by BNP Paribas and consisting of ABN AMRO, BNP Paribas, Danske Bank, HSBC, ING, Rabobank, and UniCredit) in relation to a US$300,000,000 term loan facility for Marel.

Marel is a leading global provider of advanced food processing equipment, systems, software, and services to the poultry, meat and fish industries and is listed on Euronext Amsterdam. Read more about the term loan here.

This transaction builds on Clifford Chance's long-standing relationship with both the lending syndicate and the Marel group, having previously advised the lenders on the implementation of a €700 million revolving credit facility agreement in February 2020 and a €150 million bridge facility agreement relating to Marel's acquisition of Wenger in April 2022.

The cross-border team was led out of Amsterdam by Angela McEwan and further consisted of Lewis Whyte and David Woolmer (Finance, Amsterdam (English law)), Titus de Vries, Martine Trip, Inge De Bruin and Menno Postma (Finance, Amsterdam (Dutch law)), Robin Houtveen and Nolan Groenland (Tax, Amsterdam), Evan Cohen, Andrew Young, Chiemaka Chukwu and Thomas McGowan (Finance, New York) and Paul Koppel and Thomas Koh (ERISA, New York).