News

A&O advises on TMF Group's EUR955m and USD400m TLB

Published Date
May 9 2023
A cross-border team from Allen & Overy in London, Amsterdam and New York has advised the bookrunners on a EUR955m and USD400m term loan B for TMF Group, which is owned by CVC and the Abu Dhabi Investment Authority.

TMF Group is a leading global provider of legal, financial and employee administration services. Proceeds of the new term loan B will be used to extend the group’s existing EUR950m term loan B by three years to May 2028, to refinance existing second-lien debt and to put cash on balance for M&A.

The A&O team was led by London leverage finance partner Darren Hanwell and high yield partner John Kicken. Senior associate Alex Charles, associates Hershil Kotak, Sampada Bannurmath, Jack Dryden and trainee Sidhant Jadeja also assisted on the transaction. The Amsterdam team was led by partner Femke Bierman and associate Mercedeh Naseri. Partner Todd Koretzky and associate Violet Jia led the New York team.

Content Disclaimer

This content was originally published by Allen & Overy before the A&O Shearman merger

Related capabilities