Latham & Watkins advised the borrower Total S.A. (Total), a major energy player present in 130 countries, on a US$5 billion committed bridge facility, arranged by BNP Paribas and Crédit Agricole Corporate and Investment Bank and the increase of that facility to US$6.35 billion through syndication.
The French law facility permits Total to have access to working capital for a 12-month period, with two possible six-month extensions permitted at the option of the borrower.
Latham also recently advised Total in connection with a €3 billion bond offering, after acting for the oil and gas company on Sunpower’s planned spin-off transaction and the expansion of its strategic partnership with Adani Group last year.
The team was led by London finance partner John Balsdon, with Paris counsel Etienne Gentil, London associates Rachel Croft and Lisa Quelch, and Paris associate Chiraz Kmar Turki.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
