Global law firm White & Case LLP has advised The Bidvest Group (UK) Limited as borrower, guaranteed by The Bidvest Group Limited, on the conclusion of a £400 million multi-currency syndicated loan facilities agreement
The sterling facilities are based on the SONIA risk free rate with a five day lookback period (without observation shift). BNP Paribas acted as co-ordinator and documentation agent, BNP Paribas, Bank of America Europe Designated Activity Company and Citibank N.A., London branch as Bookrunners and Mandated Lead Arrangers, The Standard Bank of South Africa Limited (acting through its Isle of Man branch), Absa Bank Limited (acting through its Corporate and Investment Banking division), Barclays Bank PLC and Rand Merchant Bank, a division of FirstRand Bank Limited as Mandated Lead Arrangers and Barclays Bank PLC as the Agent.
The White & Case team in Johannesburg which advised on the transaction included local partner Jennifer Stolp and associate Sara Hartman.
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