Legal DealFolio - Tank & Rast Refinancing Senior and Junior Credit Facilities

Linklaters has advised Tank & Rast on the 1.45 billion euro senior secured credit facilities and associated hedging transactions in connection with the complete refinancing of its existing senior and junior credit facilities maturing in August 2014 which was completed at the beginning of this month. Tank & Rast is the leading German motorway services operator owned by private equity firm Terra Firma and Deutsche Bank's infrastructure division RREEF. The refinancing was implemented through a combination of debt that also includes high yield bond issuance and a payment-in-kind term loan. The Linklaters team was led by Frankfurt banking partner Michal Hlasek and London banking partner Brian Gray. They were assisted by London based derivatives partner David Phillips, Frankfurt corporate partner Dr Ralph Drebes, London banking managing associates Helen Gill and Andrew Jennens, Frankfurt banking managing associate Steffen Schellschmidt and London derivatives managing associate Doug Shaw.

Deal Date:	13-12-2013	Practice Area:	International Finance and Bank Credit
Deal Title:	Tank & Rast Refinancing Senior and Junior Credit Facilities	Industry:	Travel & Leisure
Description:	Linklaters has advised Tank & Rast on the 1.45 billion euro senior secured credit facilities and associated hedging transactions in connection with the complete refinancing of its existing senior and junior credit facilities maturing in August 2014 which was completed at the beginning of this month. Tank & Rast is the leading German motorway services operator owned by private equity firm Terra Firma and Deutsche Bank's infrastructure division RREEF. The refinancing was implemented through a combination of debt that also includes high yield bond issuance and a payment-in-kind term loan. The Linklaters team was led by Frankfurt banking partner Michal Hlasek and London banking partner Brian Gray. They were assisted by London based derivatives partner David Phillips, Frankfurt corporate partner Dr Ralph Drebes, London banking managing associates Helen Gill and Andrew Jennens, Frankfurt banking managing associate Steffen Schellschmidt and London derivatives managing associate Doug Shaw.
Financial Center:	Frankfurt	Value:	1000.01-5000.00
Advised Party:	Borrower	Law Firm	Linklaters
Borrower	Germany	Lender	Germany
Classification:	Syndicated and Bilateral Loans Syndicated Loans	Lawyer	Michal Hlasek

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers