A&O advises on TMF Group’s EUR955m and USD400m TLB
Related people
Darren Hanwell
Partner
London
John Kicken
Partner
London
Alex Charles
Senior Associate
London
Hershil Kotak
Associate
London
Sampada Bannurmath
Associate
London
Jack Dryden
Associate
London
Femke Bierman
Partner
Amsterdam
Mercedeh Naseri
Associate
Amsterdam
Todd Koretzky
Partner
New York
Violet Jia
Associate
New York
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A cross-border team from Allen & Overy in London, Amsterdam and New York has advised the bookrunners on a EUR955m and USD400m term loan B for TMF Group, which is owned by CVC and the Abu Dhabi Investment Authority.
TMF Group is a leading global provider of legal, financial and employee administration services. Proceeds of the new term loan B will be used to extend the group’s existing EUR950m term loan B by three years to May 2028, to refinance existing second-lien debt and to put cash on balance for M&A.
The A&O team was led by London leverage finance partner Darren Hanwell and high yield partner John Kicken. Senior associate Alex Charles, associates Hershil Kotak, Sampada Bannurmath, Jack Dryden and trainee Sidhant Jadeja also assisted on the transaction. The Amsterdam team was led by partner Femke Bierman and associate Mercedeh Naseri. Partner Todd Koretzky and associate Violet Jia led the New York team.