Bredin Prat advises the iliad Group as it strengthens its financial profile by securing €10 billion of financing

Bredin Prat is advising the iliad Group in connection with securing a €6.5 billion financing for the acquisition of SFR and the refinancing of two of its main bank facilities totalling €3.5 billion.

These transactions would allow the Group to increase its available liquidity and to significantly extend the maturity of its main bank facilities:

– iliad’s revolving credit facility has been increased from €2 billion to €3 billion and its maturity extended from 2029 to 2031 (with two one-year extension options);

– the €1 billion term loan, originally due in 2027, has been refinanced in an amount of €500 million and its maturity extended to 2031, the Group having chosen to prepay the remaining €500 million as part of the Group’s proactive balance sheet management.

The Bredin Prat team advising the iliad Group included:

• Financing: Samuel Pariente (partner), Benjamin Cartier and Floriane Danckof
• Tax law: Julien Gayral and Anne Robert (partners), Amaury de Galbert (counsel), Simon Weber and Sélène d’Alençon