Bredin Prat advises Scutum SA in connection with the refinancing of its debt

Bredin Prat is advising Scutum SA, a European-based global player in remote surveillance and security solutions, on the refinancing of its debt.

The new capital structure includes Unitranche bonds subscribed by funds managed by Blackstone Credit & Insurance and Hayfin Capital Management LLP. A substantial portion of these bonds can be used to finance future external growth. In addition, the Group has secured a multi-purpose revolving credit facility provided by Banque Palatine and BNP Paribas.

 The transaction will allow Scutum SA to extend significantly the maturity profile of its debt, and secures long-term financing lines to support its continued growth.

The Bredin Prat team advising Scutum SA is as follows:

• Financing: Samuel Pariente (partner), Mathieu Arnault (counsel) and Ilona Serfaty
• Tax law: Jean-Baptiste Frantz (partner), Claire Chabredier and Amaury Monnet
• Corporate: Karine Angel (partner), Paul Worms and Louis Cochou