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News Nov 17, 2016

Shearman & Sterling Advises Interoute on Its €350 Million Refinancing

Shearman & Sterling represented Interoute Finco plc, a wholly owned subsidiary of Interoute Communication Holdings S.A. ("Interoute"), on its new €275 million term loan facility agreement and its new €75 million revolving credit facility agreement. Part of the net proceeds from the new term loan was used to refinance Interoute's existing senior secured floating rate notes due 2020. Interoute is the owner operator of Europe's largest network and a global cloud services platform.

The Shearman & Sterling team included partners Korey Fevzi (London-Finance), Marwa Elborai (London-Capital Markets), Esther Jansen (Frankfurt-Finance), Pierre-Nicolas Ferrand (Paris-Finance) and Simon Letherman (London-Tax); counsel Jackson Lam (London-Finance), Alejandro Gordano (London-Capital Markets) and Philippe Wolanski (Paris-Finance); associates Philip Stopford, Sedina Aidam, Kendra Kocovsky, Michèle Smith (all London-Finance), Saif Alaqili (London-Capital Markets), Odilo Wallner, Maria Iorno (both Frankfurt-Finance), Sarah Moir-Porteous (London-Tax) and Benjamin Filiatre (Paris-Finance).