Shearman & Sterling advised Nexans on the signature of a €600 million Revolving Credit Facility with 11 of its core banks for a period of five years, thereby extending the tenor of the Group’s access to liquidity until 2023.
This facility amends and restates the €600 million Revolving Credit Facility signed by the Group in 2015 that was due to expire in December 2020.
Nexans provides advanced cabling and connectivity solutions. The Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories, High Voltage & Projects, Telecom & Data and Industry & Solutions. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated €6.4 billion in sales.