Linklaters and Talwar Thakore Associates (TTA) advised the lending and underwriting banks on Tata Steel UK Holdings, which took a term loan and revolving credit facilities of $3.05bn to refinance its bank debt.
Linklaters London partner Narayan Iyer, who had rejoined Linklaters a year ago from TTA, and Singapore partner Philip Badge, and capital markets partner Kevin Wong and TTA partner Rahul Gulati acted for the banks.
JSA and Slaughter & May advised Tata.
The new financing structure consists of a five-year loan of a €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favourable terms and pricing relative to the earlier debt, reported Mint.
Comments
Linklaters and TTA are leading law firms in the finance space. They are also pushing hard in the finance space and I have heard they have made some interesting mid-level hires.
The other market leader in finance is S&R, but they dont do banking, and now seem to be more focused on capital markets and trying to do more corporate work with Rajat moving to Mumbai.