Latham Advises EG Group on Series of Complex Finance, Capital Markets and Real Estate Transactions

Latham & Watkins has advised EG Group - one of the world’s leading independent operators of gas stations and convenience retail chains - in a complex series of related transactions, in which EG Group used the proceeds from sale & leaseback and business disposals, new syndicated loans, new revolving and letter of credit facilities, a new benchmark issuance of senior secured bonds, a private debt facility and a bridging debt facility provided by relationship banks to refinance or extend the maturity of US$6.2 billion-equivalent in principal amount of term loans, US$2 billion-equivalent in principal amount of senior secured bonds, and the majority of its revolving credit and letter of credit facilities.

Latham & Watkins was instrumental in helping EG Group tap various sources of funding in the international financing markets and coordinate seamless execution of these large, disparate disposals and capital-raising transactions.

The Latham team was led by London corporate partner Francesco Lione. Advice on banking matters was provided by London partner Charles Armstrong, with counsel Will Lam and associates Tian Sun, Jack Winfield, and Christina Nasioutzik; on capital markets matters by Paris partner Roberto Reyes Gaskin and associates Lyndy Amato, Hamaad Mustafa, Laurie Tomassian, Fei Chen, Anthony Ayres, and Yao Lin; and on real estate matters by London partner Quentin Gwyer and Chicago partner Robert Buday, with counsel Aaron Friber and Jeffrey Anderson and associates Danni Davies and Karen Ritter.