Weil advised BNP PARIBAS as sole bookrunner in connection with the offering by Loxam S.A.S. of €500.0 million 4.250% senior secured notes due 2030.
Loxam is the leading equipment rental company in Europe and the fourth largest equipment rental company in the world, with operations in 30 countries on four continents with a large and well-established presence in Europe, serving the construction, industry, public works, services and events sectors.
The proceeds of the offering of the notes were used to primarily repay indebtedness of the group.
The Weil team was led by High Yield partner Gilles Teerlinck and included counsel Pierre Brule and associate David St-Onge in London, as well as Finance partner James Clarke and associate Caroline Bloch in Paris, with U.S. tax advice from partner Greg Featherman and associate Carlos Parra.
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