Transdev Group's Inaugural Term and Revolving Credit Facilities

March 23, 2016

Cleary Gottlieb represented Transdev Group in connection with the negotiation and implementation of its inaugural €1.2 billion term and revolving credit facilities agreement, signed on March 23, 2016.

The facilities were arranged by Bank of America Merrill Lynch, Crédit Agricole and ING as active bookrunners, Bank of America Merrill Lynch, Crédit Agricole, ING and Natixis as coordinators, Bank of America Merrill Lynch, BNP Paribas, Crédit Agricole, Crédit Industriel et Commercial (Groupe Crédit Mutuel – CIC), HSBC, ING, Natixis, Société Générale, The Bank of Tokyo-Mitsubishi UFJ, The Royal Bank of Scotland and UniCredit as mandated lead arrangers and bookrunners,  Bayerische Landesbank, Commerzbank Aktiengesellschaft, Filiale Luxemburg and La Banque Postale as mandated lead arrangers and Arkéa Banque Entreprises et Institutionnels as arranger.

The facilities, which will mature in March 2021, will be available to refinance Transdev Group’s shareholders’ loans. The revolving facility may also be used to finance the general corporate purposes of the Group and comprises two one-year extension options.

Transdev Group is a global operator of public transportation created in 2011 by the merger of Veolia Transport and Transdev.