Engagement overview

  • Inaugural syndicated loan to support Mirakl’s robust growth and finance future acquisitions

Objectives

  • Expand funding capacities to accelerate M&A and capex strategies
  • Establish a highly flexible documentation framework with minimal constraints, to include attractive pricing, limited guarantees and streamlined documentary remittance
  • Carefully select a limited number of banks with the capacity to serve as key financial partners

Results

  • Revolving Credit Facility syndicated loan of €100m, with a maturity of 3+1+1 years.
  • Unsecured financing arrangement
  • Competitive financial terms
  • Flexible covenants allowing for additional debt capacity and providing a favorable framework for acquisitions
  • A balanced banking pool consisting of five major international banks

Methodology

  • Benchmarking exercise
  • Validation of funding requirements and assessment of market appetite in a constrained environment
  • Assistance in identifying and selecting potential lenders
  • Preparation of an information package and drafting the credit story to secure banks’ support
  • Develop a legal framework aligned with the group’s objectives
  • Management of bank consultations throughout the process
  • Providing advice, recommendations and support in negotiating the terms and conditions and the Senior Facility Agreement

Value Added by Redbridge

  • Collaborative project management with Mirakl’s finance department and legal counsel
  • Customized process to access the debt market efficiently
  • Implementation of a strategic approach to mitigate execution risk
  • Assistance in optimizing pricing
  • Leveraging Redbridge’s expertise to ensure maximum flexibility in legal documentation
  • Sharing knowledge with Mirakl’s finance department
  • A dedicated team providing comprehensive support that was available to Mirakl at all times
Data for Stronger Banking Relationships

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