Global law firm White & Case LLP has advised BNP Paribas, Banque Populaire Rives de Paris and Crédit Lyonnais on the French state-guaranteed Term Loan to Burger King France and its subsidiary France Quick.
The loan will be guaranteed up to 90 percent by the French state and has an initial maturity of 12 months, with an extension option of up to five years from initial maturity. Granted during the coronavirus crisis, the loan is intended finance the liquidity and cash requirements of Burger King France, France Quick and their subsidiaries due to the economic consequences of the pandemic.
Since the beginning of the crisis in France, White & Case has advised on a number of significant loans guaranteed by the French state, including to Fnac Darty, Europcar Mobility Group, Air France-KLM and Renault.
The White & Case team in Paris which advised on the transaction was led by partner Samir Berlat with support from associates Céline Oréal and Kevin Perraudin.
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