Shearman And Sterling

News March 29, 2019

Samsonite’s $2.14 Billion Financing

Shearman & Sterling advised HSBC Bank, National Association, as Revolving and Term Loan A administrative agent, and Bank of America, as Term Loan B administrative agent, on an amendment to Samsonite’s existing $2.14 billion financing facilities consisting of a $650 million revolving credit facility, a $820 million term loan A facility and a $667 term loan B facility. Among other things, the amendment permits the addition of certain borrowers to modify certain covenants.

Headquartered in Luxembourg, Samsonite engages in the design, manufacture, sourcing and distribution of travel luggage bags worldwide.

The Shearman & Sterling team also included contract attorney Spencer Barrowes.

The Team