A&O advises on c.EUR2.75 billion loan and high yield financing for Brookfield’s acquisition of Modulaire
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Allen & Overy’s leveraged finance team has advised Brookfield Business Partners (Brookfield) on a c.EUR2.75 billion loan and high yield financing package comprising a EUR1.26bn sustainability-linked TLB, EUR750 million sustainability-linked senior secured notes, GBP250m sustainability-linked senior secured notes and EUR435m sustainability-linked senior notes. As first announced in June, A&O advised Brookfield on the acquisition of Modulaire.
Modulaire is a leading provider of modular leasing services and infrastructure in Europe and Asia-Pacific with a customer base across the industrial, infrastructure and public sectors and a global fleet of approximately 267,000 modular units across 25 countries. Its modular units and complementary services provide customers with a range of solutions for space and remote accommodation requirements.
Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management, a leading global alternative asset manager with over USD600bn of assets under management listed on the New York and Toronto Stock Exchanges.
The A&O team was led by leveraged finance partners Neil Sinha, Adam Zecharia and Kevin Muzilla and senior associate Angela Ryu. Other A&O team members included Jeff Hendrickson, Xinni Lim, Nihaal Khanna, Adam Walsh, Jocelyn Ho, Alex George, Daphne Morelle, Katrien Wilmots, Jeff Xu and Shivani Agarwal.
