Ashurst advises Halma on combined revolving credit facility and private placement refinancing
20 June 2022
The new syndicated revolving credit facility has been put in place to refinance an existing £550 million facility and for general corporate purposes of the Group. The new facility is for a tenor of five years, with two one-year extension options. The syndicate of lenders comprises a group of Halma's core relationship banks.
The private placement notes which are intended to be issued in July 2022 (subject to certain conditions) consist of Sterling, Euro, US Dollar and Swiss Franc tranches and will mature in July 2032.
The Ashurst team for the revolving credit facility was led by London global loans partner Nicholas Moore, supported by associate Kirsty Huen. New York global loans partner Mike Neary, supported by counsel Matt Haist assisted with the US law aspects. London pensions counsel John Gordon assisted with pensions aspects.
The Ashurst team for the private placement issuance was led by London global markets partner Helen Jones, supported by senior associate Kavisha Bilimoria. London-based US securities partner Jeffrey Johnson assisted with the US law aspects, alongside New York global loans partner Mike Neary and senior associate Misha Daha. London tax partner Paul Miller and New York tax partner Sharon Kim also assisted with the tax aspects of the transaction.
