Gate Gourmet in CHF 850 Million Covenant Lite Refinancing
May 31, 2007
Cleary Gottlieb represented the global airline catering company Gate Gourmet in a refinancing of approximately CHF 850 million. The refinancing was arranged by Goldman Sachs Credit Partners LP and Deutsche Bank. The transaction closed on May 31, 2007.
Gate Gourmet is the world’s largest independent airline catering and logistics provider. The refinancing transaction involved over 30 Gate Gourmet Group companies and eight jurisdictions.