Banijay Sets Up New €400 Million Term Loan Facility
Deal News | Feb 12, 2025 | Paul Hastings
Paul Hastings LLP has advised Crédit Agricole CIB, Deutsche Bank, and Goldman Sachs on the structuring and execution of a new €400 million term loan facility for Banijay Entertainment. This financial move includes the repricing of Banijay's existing €555 million and $500 million term loan facilities. The new financing will partially finance the redemption of Banijay's outstanding 6.5% senior notes due 2026. Paul Hastings' team, including noted Global Finance partners Rob Davidson and Mo Nurmohamed, played a pivotal role in orchestrating these financial arrangements, further cementing the firm's reputation for providing elite legal services to top-tier financial entities globally.
Sectors
- Financial Services
- Television Production and Distribution
- Legal Services
Geography
- Global – The deal involves multinational banks and global legal firm Paul Hastings, indicating a broad geographical relevance.
- Europe – Banijay, a European-based entertainment company, suggests a primary geographical focus within Europe.
Industry
- Financial Services – The article involves major banks facilitating a financial transaction, making Financial Services a relevant classification.
- Television Production and Distribution – Banijay Entertainment operates in the television production and distribution sector, making this industry classification relevant to the article.
- Legal Services – Paul Hastings LLP, a law firm, is providing legal services pertinent to the transaction discussed in the article.
Financials
- €400 million – The amount of the new term loan facility established by Banijay Entertainment.
- €555 million and $500 million – The existing term loan facilities that are being repriced.
- 6.5% – The interest rate on the senior notes due 2026 that are being redeemed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | Legal firm advising on the financial transaction. |
| Crédit Agricole CIB | Bank | Company | One of the banks involved in structuring the term loan facility. |
| Deutsche Bank | Bank | Company | One of the banks involved in structuring the term loan facility. |
| Goldman Sachs | Bank | Company | One of the banks involved in structuring the term loan facility. |
| Banijay Entertainment | Borrower | Company | Television production and distribution company establishing a new term loan facility. |