"Thanks to its market knowledge and its stakeholders, Redbridge has enabled Clasquin to finalize a stable financing agreement for all parties under optimized conditions within a tight timeframe. "
Assignment overview
- Debt structure advisory
- Assistance in arranging an inaugural syndicated loan of €60.8m
Objectives
- To structure group debt to ensure medium-term liquidity and financing of external growth
- To obtain confirmed, competitive and flexible medium-term financing in terms of commitments, in particular with respect to acquisitions
- To retain existing banking partners while providing opportunities to integrate new ones
Results
- Highly competitive and flexible financial and legal conditions
- Strong oversubscription, confirming the banks’ appetite for Clasquin
- Special relationships with existing banks maintained while entering relationships with two new banks
- Significant increase in the average maturity of the Group’s financing
Methodology
- Analysis of the business plan (six case studies) and determination of financing needs
- Detailed analysis of optimal credit positioning
- Bilateral consultation with both existing and new banks
- Two-round consultation process
- Bilateral negotiations maintained until final determination of conditions
- Initial drafting of financial documentation to maintain negotiating momentum
Redbridge’s added value
- Assistance in compiling the business plan and structuring debt with a 360° view of options
- Market knowledge to hit the mark and satisfy all parties (borrower and lenders)
- Exemplary project management that maintained momentum while following a tight schedule
- Optimal structuring to ensure liquidity and financing of the Group’s growth