Pinsent Masons and Salans advised The Royal Bank of Scotland plc
and HSBC Bank plc as co-ordinating mandated lead arrangers
providing £350 million and EUR40 million of secured term and
revolving credit facilities to Safestore Holdings plc.
The facilities will be made available to Safestore Holdings plc
and certain of its subsidiaries, including Une Pièce en Plus SAS in
France, and the proceeds will be used to refinance existing debt
and for the group's general corporate purposes. The transaction
required advice to be given in respect of the suite of facility and
security documentation under each of English and French law.
Commenting on the advice provided by Pinsent Masons and Salans,
The Royal Bank of Scotland plc Managing Director Dave Rome said
"Pinsent Masons and Salans did an excellent job on this transaction
- the Alliance between the two firms delivering seamless,
comprehensive, consistently high quality advice in the UK and
France."
The transaction team was led in London by Pinsent Masons'
Banking partner Chris Tart, supported by Suggen Dosanjh and Marine
Stroud, with the Salans team comprising Philippe Max and Maria
Nenova in Paris.
This is the latest in a series of multi-jurisdictional deals
that Pinsent Masons and Salans have jointly advised on since the
Alliance between the two firms was formed last year. Other
highlight financing transactions include providing advice under
English, French, German and Polish law to HSBC Bank plc and
Rabobank International as co-ordinating mandated lead arrangers
providing EUR75.4 million and £65 million facilities to Gerber Emig
Group.
Pinsent Masons is an established, full service law firm with
truly international reach, a reputation for delivering both world
class service quality and excellent value, providing a full range
of corporate, financial and commercial legal services to major UK
and international corporations, institutions and public bodies. The
firm ranks amongst the top 100 global law firms and has well over
1,000 partners and other lawyers worldwide.
- Pinsent Masons' office network includes the major international
business and financial centres of London, Dubai, Beijing, Shanghai,
Hong Kong and Singapore and the key business centres in the UK:
Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.
- The firm also has a strategic alliance with Salans, a leading
international law firm with over 700 lawyers across 22 or more
locations in Western and Eastern Europe, Asia and the United
States.
- Pinsent Masons LLP is a limited liability partnership
registered in England & Wales (registered number: OC333653) and
regulated by the Solicitors Regulation Authority. The word
‘partner’, used in relation to the LLP, refers to a member of the
LLP or an employee or consultant of the LLP or any affiliated firm
who is a lawyer with equivalent standing and qualifications. A list
of the members of the LLP, and of those non-members who are
designated as partners, is displayed at the LLP’s registered
office: CityPoint, One Ropemaker Street, London EC2Y 9AH, United
Kingdom.
- We use ‘Pinsent Masons' to refer to Pinsent Masons LLP and
affiliated entities that practice under the name ‘Pinsent Masons'
or a name that incorporates those words. Reference to ‘Pinsent
Masons' is to Pinsent Masons LLP and/or one or more of those
affiliated entities as the context requires. For important
regulatory information please visit: http://www.pinsentmasons.com/
About Salans
Salans is an international commercial law firm built on a
pioneering spirit with over 700 lawyers globally operating from 22
offices. Salans LLP has offices, or is associated with Salans
offices in:
Alamty, Baku, Barcelona, Beijing, Berlin, Bratislava, Brussels,
Bucharest, Budapest, Frankfurt, Hong Kong, Istanbul, Kyiv, London,
Madrid, Moscow, New York, Paris, Prague, Shanghai, St Petersburg,
Warsaw.
Our combination of international capability and domestic
expertise enables us to provide comprehensive services matching the
needs of global and local clients alike. Salans LLP is a Limited
Liability Partnership registered in England and Wales with
Registration Number OC 316822. Regulated by the Solicitors’
Regulation Authority of England and Wales. A list of the members of
Salans LLP and of the non-members who are designated as partners of
Salans LLP and/or its affiliated entities is available at its
Registered Office: Millennium Bridge House, 2 Lambeth Hill, London
EC4V 4AJ, United Kingdom. See http://www.salans.com/ for further
information.