Elvinger Hoss Prussen provided legal advice to the initial purchasers in connection with a bond financing and the original lenders in connection with a senior secured revolving credit facility for the purpose of funding the acquisition by Apollo Global Management, Inc. of a majority stake in the Estonian company AS Graanul Invest, a world leading biomass and bioenergy producer.
The financing involved:
- €250 million Floating Rate Sustainability-Linked Senior Secured Notes due 2026 and €380 million 4.625% Sustainability-Linked Senior Secured Notes due 2026 issued by Cullinan Holdco SCSp; and
- a €100 million senior secured revolving credit facility.
The team was led by partner Patrick Santer, senior associate Jean-Baptiste Lhuillier and associate Nicolas Gilbert.
