Darrois Villey Maillot Brochier advises Europcar Mobility Group on its €220 million term loan agreement guaranteed by the French State, entered into with an international pool of banks
Paris, 5 May 2020
Darrois Villey Maillot Brochier advised Europcar Mobility Group during the negotiations and conclusion of a €220 million term loan agreement, guaranteed by the French State, aiming at securing its liquidity to face the Covid-19 crisis.
This term loan will benefit from a 90% guarantee from the French State, will have an initial maturity of 1 year, with an up to 5-year extension option (up to May 2026) subject to customary mandatory repayment provisions. It comes together with additional financing through the conclusion of new facilities by some Spanish subsidiaries of Europcar Mobility Group (which will benefit from a 70% guarantee from the Spanish State) and the issuance under Europcar Mobility Group’s current RCF agreement of an additional €20 million tranche (guaranteed by its shareholder Eurazeo through a risk sub-participation).
The Darrois Villey Maillot Brochier team was led by Bertrand Cardi and Laurent Gautier with Martin Lebeuf, Didier Théophile and François Kopf as well as their respective teams.
Europcar Mobility Group is also advised by Gide Loyrette Nouel and Rothschild & Co.
The pool of banks is advised by White & Case and Eurazeo is advised by Sullivan & Cromwell..
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