Banijay Secures New Term Loan with Paul Hastings' Guidance
Deal News | Feb 12, 2025 | Paul Hasting
Banijay Entertainment, part of Banijay Group NV, has established a new term loan facility of €400 million with advisory from Paul Hastings LLP. The new financial arrangement will aid in repricing the company's existing loan facilities, amounting to €555 million and $500 million, while also redeeming a portion of the 6.5% senior notes due in 2026. Crédit Agricole CIB, Deutsche Bank, and Goldman Sachs received advisory services from Paul Hastings. The team was led by global finance partners Rob Davidson and Mo Nurmohamed, supported by a team of partners and associates specializing in finance.
Sectors
- Finance
- Media and Entertainment
- Legal Services
Geography
- Europe – The entities involved, including Banijay and Crédit Agricole, as well as the transaction details, point towards European operations and influence.
Industry
- Finance – The article involves complex financial transactions and the establishment of substantial loan facilities.
- Media and Entertainment – Banijay Entertainment is a television production and distribution company actively participating in this sector.
- Legal Services – Paul Hastings, a law firm, is providing legal advisory services, specializing in investment banking and corporate finance deals.
Financials
- €400 million – The amount of the new term loan facility established by Banijay Entertainment.
- €555 million – The amount of the existing term loan facility that is being repriced.
- $500 million – The amount of the existing term loan facility that is being repriced.
- 6.5% – The interest rate of the senior notes due 2026, which are being redeemed with part of the loan proceeds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A leading law firm providing legal services for this transaction, particularly to the financing banks. |
| Banijay Entertainment | Target Company | Company | A television production and distribution company engaged in securing financial arrangements. |
| Crédit Agricole CIB | Financing Bank | Company | One of the banks arranging the loan facilities for Banijay. |
| Deutsche Bank | Financing Bank | Company | A major bank involved in the financial restructuring of Banijay. |
| Goldman Sachs | Financing Bank | Company | An investment bank participating in the loan arrangement. |