Your.World Secures €1.2 Billion Refinancing Deal with Paul Hastings' Guidance
Deal News | Nov 07, 2024 | Paul Hastings
Paul Hastings LLP has successfully advised several prominent banks, including BNP Paribas, J.P. Morgan, ABN AMRO, Goldman Sachs, ING, Morgan Stanley, and Rabobank, in executing a €1.2 billion syndicated term loan refinancing for Your.World, an online solutions platform based in the Netherlands. This financial maneuver marks Your.World's first foray into the European syndicated term loan market and comprises a €1 billion term loan maturing in November 2031, alongside a €200 million revolving credit facility maturing in May 2031. The transaction was spearheaded by Global Finance partners Rob Davidson and Mo Nurmohamed, supported by a skilled team of partners and associates. Paul Hastings is a premier law firm recognized for its expertise in various sectors such as finance, mergers & acquisitions, and private equity. Their role in this refinancing underscores their capacity to provide cutting-edge financial solutions to leading global financial institutions.
Sectors
- Corporate Finance
- Banking
- Online Solutions
Geography
- Netherlands – The target company, Your.World, is based in the Netherlands, indicating the primary geographical focus of the transaction.
- Europe – The refinancing marks Your.World's initial foray into the European syndicated term loan market.
Industry
- Corporate Finance – This sector involves the advisory aspect of the refinancing deal facilitated by Paul Hastings.
- Banking – The involvement of major banks like BNP Paribas, J.P. Morgan, ABN AMRO, etc., categorizes this under Banking.
- Online Solutions – Your.World operates in the online solutions sector, necessitating this classification.
Financials
- €1.2 billion – Total value of the refinancing deal for Your.World.
- €1 billion – Value of the term loan, maturing in November 2031.
- €200 million – Value of the revolving credit facility, maturing in May 2031.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | Paul Hastings provided legal advisory services for the refinancing. |
| BNP Paribas | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| J.P. Morgan | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| ABN AMRO | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| Goldman Sachs | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| ING | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| Morgan Stanley | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| Rabobank | Banking Partner | Company | One of the banks involved in the syndicated term loan. |
| Rob Davidson | Global Finance Partner | Person | Led the refinancing transaction for Paul Hastings. |
| Mo Nurmohamed | Global Finance Partner | Person | Co-led the refinancing transaction for Paul Hastings. |
| Patrick Bright | Partner | Person | Involved in the refinancing transaction at Paul Hastings. |
| Jemma McPherson | Partner | Person | Involved in the refinancing transaction at Paul Hastings. |
| Jiten Tank | Partner | Person | Involved in the refinancing transaction at Paul Hastings. |
| Annabel Cawood | Associate | Person | Involved in the refinancing transaction at Paul Hastings. |
| James Wilkins | Associate | Person | Involved in the refinancing transaction at Paul Hastings. |
| Jee Yoon Chung | Associate | Person | Involved in the refinancing transaction at Paul Hastings. |
| Your.World | Target Company | Company | The Netherlands-based online solutions platform receiving refinancing. |