TITLE

EDF chooses Lovells to advise on credit facility

AUTHOR(S)
Griffiths, Catrin
PUB. DATE
March 2005
SOURCE
Lawyer;3/28/2005, Vol. 19 Issue 12, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Lovell's Paris office has acted for Electricite de France (EDF) on a new credit facility, underlining the power of the borrowers in the European loan markets. At €6 billion, the multi-currency revolving credit facility is one of the largest in the market. EDF is the latest in a growing number of borrowers to refinance its previous five-year facility, originally negotiated in 2003, for this new seven year deal, which has no financial covenants. The company, which is currently rated AA minus, is embarking on a partial flotation, possibly up to €11 billion later in the year 2005.
ACCESSION #
17187921

 

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