"Redbridge delivered outstanding results on our RCF refinancing — optimizing terms, rebalancing our banking pool, and meeting every deadline. Their expertise and hands-on support were instrumental in achieving a seamless and successful transaction"
Engagement overview
- Support Christian’s Louboutin with the refinancing of its the revolving credit facility.
Objectives
- Enhance facility terms and conditions (T&Cs)
- Resize the RCF in line with Group needs;
- Reshuffle the banking pool while aligning side business allocation among the Group’s core banking relationships;
Results
- Facility resized with a significant accordion option to cover future needs;
- Introduction of additional margin step down contingent of net leverage;
- Rebalanced pool of lenders to ensure fair business allocation;
- Optimized T&Cs, in line with group’s growth,
Methodology
- Advising the Group on the optimal liquidity structure to implement to support the needs of its Business Plan;
- Preparation of bank consultation documents;
- Consultation launched with a broader relationship group brank;
- Bilateral discussions/negotiations with each potential lender based on a target term sheet;
- Alignment towards consensual terms and conditions.
Value added by Redbridge
- Process: maintaining a fair competition among lenders during the whole process;
- Strong knowledge of the market with regards to RCF market conditions and ESG KPIs;
- Optimal structure and conditions in relation to the Group’s credit profile and market acceptance capacity;
- Coordination between all parties: banks, legal and internal sustainability and finance teams;
- Clear communication to the banks, leading to faster closing and fewer questions.