White & Case advises Rubis Energie on inaugural €1.1 billion syndicated facility

Global law firm White & Case LLP has advised Rubis Energie on its €1.1 billion inaugural syndicated facility, which will be used to refinance part of its existing debt and to finance general corporate purposes as well as acquisitions and other investments.

This unsecured financing has been structured as a €250 million amortizing term loan facility (Facility A) with a five-year maturity, a €350 million bullet term loan facility (Facility B) with a five-year maturity, a €500 million revolving credit facility with a five-year maturity which may be extended up to seven years under certain conditions, and also includes an 'accordion'  uncommitted facility feature of up to €300 million to finance acquisitions and other investments.

The facilities agreement was entered into with a leading international banking pool, including 11 institutions from eight banking groups. BRED acted as coordinator and documentation agent. Crédit Agricole CIB acted as facility agent.

Rubis Energie is a subsidiary of the Rubis Group and a leading independent energy and bitumen distribution group.

The White & Case team in Paris which advised on the transaction was led by partner Samir Berlat and included associate Rafael Galvez.

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