Ogier’s BVI office has advised a global corporate client, head-quartered in Europe, on a US$ 5 billion financing package.
Advising on two facilities for a combined financing of over US$ 5 billion, Ogier have worked with two other BVI law firms, each representing one of the two lenders.
Ogier’s team included partner Ray Wearmouth, managing associate Chris Newton and Rebecca Clark.
Chris Newton noted that “advising on two large facilities on a parallel track can often be challenging but the combined BVI legal teams worked well together and were an important part of the transaction.”
Reflecting on the wider finance markets for the second quarter of 2016, partner Ray Wearmouth said that “although Europe has remained fairly buoyant so far in 2016, Brexit has clearly created uncertainty in the European lending markets. It will be very interesting to see the outcome of the vote in June, as well as the markets’ reaction to it.”