Conyers Dill & Pearman provided Bermuda and Cayman Islands legal advice to Interserve PLC (LON: IRV) in connection with a deal agreed with Interserve’s lenders for £196.6 million of cash facilities and bonding facilities of up to £94.5 million, which completed on 30 April 2018. These new facilities will mature on 30 September 2021.
Interserve is one of the world’s foremost support services and construction companies. Headquartered in the UK it has gross revenues of £3.6 billion and a workforce of circa 80,000 people worldwide.
Director Jason Piney and Associate Edward Rance of Conyers’ Bermuda office and Partner Matthew Stocker and Associate James Denham of Conyers’ Cayman Islands office advised on the matter, working alongside Ashurst.