Clifford Chance advises Eroski on refinancing its senior debt

Global law firm Clifford Chance has advised Eroski on the refinancing of its senior financial debt. The refinancing was structured as an issuance of senior secured bonds amounting to EUR500 million, subject to New York law, along with two bank loans subject to English and Spanish law.

The group also signed a new framework agreement for working capital lines of credit, amounting to EUR243 million.

Clifford Chance’s cross border team was led by Global Financial Markets partner Rodrigo Uría in Madrid who was supported by counsel Felipe Font and associates Juan Puras, María Vispo, senior associate Francisco Pizarro and junior associate Enrique Pais, together with senior counsel Roberto Grau and junior associate Nagore Ayerza, from the Tax department. In London, partners Jill Concannon and Taner Hassan advised with assistance from senior associates Phil Houten, Silvia Menendez, associates Isabelle Woodcock and Aram Valesyan, and law clerk Brian Chen.