White & Case Advises PagesJaunes on the Refinancing of its Bank Debt | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises PagesJaunes on the Refinancing of its Bank Debt

White & Case Advises PagesJaunes on the Refinancing of its Bank Debt

Global law firm White & Case LLP represented PagesJaunes Group SA ("PJG"), a French directory group publicly listed on the Euronext Paris exchange, in connection with an amendment to and extension of its senior loan facilities under its €2,350,000,000 facility agreement dated 24 October 2006. The amendment extends the maturity of just under €1 billion of the company's senior loans from 2013 to 2015 in exchange for an immediate prepayment of about €480 million of its outstanding loans and the introduction of scheduled amortization on the remaining outstanding portion of its senior loans. Lenders, whose participations represent more than 90% of the debt initially scheduled to mature in 2013, agreed to the amendment and extension.

In connection with the amendment, we also assisted PJG and PagesJaunes Finance & Co. SCA ("PJ Finance") in obtaining the consent of the noteholders of PJ Finance's existing €350,000,000 senior secured notes due 2018.

The White & Case team was composed of partners Denise Diallo and Colin Chang, and associates Roman Picherack, Stanislas Curien and Benoît Vincent.

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