Brookfield Business Partners’ c.EUR2.75 Billion Loan and High Yield Financing

In UK Allen & Overy, advised on the matter.

Allen & Overy advised Brookfield Business Partners LP with a team including Kevin Muzilla (Debt Capital Markets), Neil Sinha (Debt Capital Markets), Adam Zecharia (Debt Capital Markets), Kevin Muzilla (Finance), Neil Sinha (Picture – Finance), Adam Zecharia (Finance).

The c.EUR2.75 billion loan and high yield financing package comprised a EUR1.26bn sustainability-linked TLB, EUR750 million sustainability-linked senior secured notes, GBP250m sustainability-linked senior secured notes and EUR435m sustainability-linked senior notes. 

Modulaire is a leading provider of modular leasing services and infrastructure in Europe and Asia-Pacific with a customer base across the industrial, infrastructure and public sectors and a global fleet of approximately 267,000 modular units across 25 countries. Its modular units and complementary services provide customers with a range of solutions for space and remote accommodation requirements.

Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management, a leading global alternative asset manager with over USD600bn of assets under management listed on the New York and Toronto Stock Exchanges.

The A&O team was led by leveraged finance partners Neil Sinha (Picture), Adam Zecharia and Kevin Muzilla and senior associate Angela Ryu. Other A&O team members included Jeff Hendrickson, Xinni Lim, Nihaal Khanna, Adam Walsh, Jocelyn Ho, Alex George, Daphne Morelle, Katrien Wilmots, Jeff Xu and Shivani Agarwal.   

Involved fees earner: Alex George – Allen & Overy; Jeff Hendrickson – Allen & Overy; Jocelyn Ho – Allen & Overy; Xinni Lim – Allen & Overy; Daphne Morelle – Allen & Overy; Kevin Muzilla – Allen & Overy; Angela Ryu – Allen & Overy; Neil Sinha – Allen & Overy; Adam Walsh – Allen & Overy; Katrien Wilmots – Allen & Overy; Adam Zecharia – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Brookfield Business Partners LP;

Author: Giulia Di Palma