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White & Case Advises VIVESCIA Group on Refinancing

Global law firm White & Case LLP has advised VIVESCIA Group, a cooperative farming and food processing group, on the €865 million refinancing of the Group's loans and bilateral credit lines with a pool of French and international banks. 

The loans, split between VIVESCIA Agriculture and VIVESCIA Industries, have a term of five years.

White & Case has also advised VIVESCIA Industries on a government-backed loan (PGE) from its banks worth €175 million, aimed at supporting the Group's food processing businesses with the requirements created by the Covid-19 crisis. The French state guarantees 90 percent of the loan.

The White & Case team in Paris which advised on the transaction was led by partner Raphaël Richard and included partner Saam Golshani, with support from counsel Jean Paszkudzki, and associates Michel Courtois, Alicia Bali, François Wyon and Barbara Bensoussan.

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