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Conyers Dill & Pearman advised a consortium of leading financial institutions (acting as senior finance parties) in connection with a significant refinancing of over €800 million of debt facilities granted to the Hilding Anders group, Europe’s leading provider of beds and mattresses.
The purpose of the refinancing, completed in September 2013, is to extend the maturity profile of the Group’s existing near-term debt, reduce its net debt by a considerable amount and provide support for future growth.
Conyers’ Sheba Raza advised on British Virgin Islands law aspects of the loan documentation and the related security package, working alongside Clifford Chance LLP who advised on the English law aspects of the transaction.
With a multi-jurisdictional presence in Bermuda, BVI, Cayman and London, Conyers has advised on a large number of financing transactions this year.