Linklaters and Clifford Chance advise on the restructuring of two of Prosegur’s syndicated revolving credit facilities
Linklaters and Clifford Chance have advised on the restructuring of two syndicated facilities agreements involving Prosegur Cash and Prosegur Compañía de Seguridad, along with several domestic and international financial entities, for a maximum aggregate amount of €300 million and €200 million, respectively.
Both agreements consist of a single tranche revolving credit facility in an aggregate amount of up to €300 million and €200 million, respectively, with an initial maturity of five years and two annual extension options up to a maximum maturity of seven years.
The signing of the two agreements entails the termination of the facilities agreements originally entered into on 10 February 2017 by Prosegur Cash and Prosegur Compañía de Seguridad, respectively, with a group of credit institutions (as subsequently amended), for the same amounts which remain undrawn and with maturity date 7 February 2026.
The funds that may be drawn down under the agreements may be used to meet the general corporate needs of the group.
Linklaters has advised the RCF lenders with a team led by Francisco Sainz-Trápaga Dueñas, with support from Cristina Muíño Palomar, Martín Caicoya García, and Patricia Rovira Ventín.
Clifford Chance has advised Prosegur Cash and Prosegur Compañía de Seguridad with a team led by counsel Jesús Quesada, together with associates Mariana Ceballos, Claudia de Olaran and Yago López from the Global Financial Markets area, with the support of senior counsel Roberto Grau on tax aspects.
