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Freshfields advised EKINOPS on several financing facilities for an aggregate amount of €100m
Freshfields Bruckhaus Deringer ('Freshfields') advised EKINOPS on the implementation of several financing facilities for an aggregate amount of €100m to support its external growth strategy.
Ekinops, leading provider of telecommunications solutions for telecom operators and enterprises, has secured this financing which is intended to provide the company with financial resources to support its development and in particular its external growth strategy.
This new financing, secured by a banking pool comprising several credit institutions, consists of:
- An external growth facility, intended to finance one or more external growth transactions and related costs, for a confirmed amount of €50m (which can be increased to €90m under certain conditions) with a 7-year maturity; and
- A revolving credit facility, intended to finance the Group's general needs, for a maximum amount of €10m.
This new financing diversifies Ekinops' sources of financing, extends its debt maturity, and reinforces its balance sheet in an extremely competitive market environment. The trust placed in Ekinops attests to the Group's excellent financial health, and to the support of its banking partners.
Freshfields advised EKINOPS with a finance team in Paris led by partner Stéphanie Corbière with associates Samvel Der Arsenian and Gabrielle Chino. Partner Sami Jebbour with associate Octavian David advised on corporate aspects and, partner Vincent Daniel-Mayeur with associate Edouard Laperriere advised on tax aspects.
