Exeltium €1.435 billion senior debt refinancing

Overview:

• French power distribution company Exeltium successfully refinanced €1.435 billion of its senior debt, extending it for 15 years.
• The refinancing was provided by several financial institutions and multiple institutional investors. 
• As well as the refinancing of the senior bond the company also refinanced €80 million of the existing €233 million junior debt owed to Caisse des Dépôts et Consignations. 
• Natixis acted as mandated lead arranger on the senior debt refinancing, which was done using securitisation instruments. 
• Deutsche Bank led on the refinancing of the junior debt.
• Exeltium was assisted on projects aspects by Gide.
• Linklaters advised the senior lenders- who have not been disclosed. 

John Crabb - Journalist