Shearman & Sterling represented Interoute Finco on its new €640 million term loan facility agreement. Interoute Finco is a wholly owned subsidiary of Interoute Communications. Part of the net proceeds from the new term loan was used to fund the redemption in full of Interoute's existing €350 million senior secured 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), and Philippe Wolanski (Paris-Finance); associates Anna Shelton, Michèle Smith (both London-Finance), Saif Alaqili, Bouchra Haji (both London-Capital Markets), Odilo Wallner, Maria Iorno (both Frankfurt-Finance), Sarah Moir-Porteous (London-Tax) and Benjamin Marché (Paris-Finance).