Cleary Gottlieb assisted Edenred in the negotiation of an amendment and extension agreement to the €700 million syndicated revolving credit facility agreement signed on April 25, 2013.
The amendment allowed, inter alia, to extend the maturity of the facility to a date falling 5 years following the execution of the amendment agreement on June 20, 2014 and reduce the margin and certain fees.
The amended and extended facility was arranged by Barclays, BNP Paribas, Société Générale, Citigroup, Commerzbank Aktiengesellschaft, Crédit Agricole, Groupe Crédit Mutuel (acting through Banque Fédérative du Crédit Mutuel and Crédit Industriel et Commercial) and HSBC France.
Edenred, the world leader in prepaid corporate services, operates in 40 countries, with some 6,000 employees, nearly 610,000 companies and public sector clients, 1.3 million affiliated merchants and 38 million beneficiaries.