16 May 2014 | 10:45 am |
International law firm Pinsent Masons is advising car rental company, Europcar Group UK Limited, on its £500 million asset refinancing. The deal will see the extension and refinancing of Europcar’s funding arrangements with various lenders, the main purpose of which is to allow Europcar UK to acquire vehicles for the performance of its daily rental business.
Europcar serves business and leisure customers through a network of over 250 car rental stations throughout the United Kingdom.
The Pinsent Masons team advising on the deal is led by banking partners Edward Sunderland and Martin Bishop with assistance from Eloise Walker, Suggen Dosanjh, Victoria Baker and Rebecca Noble.
Commenting on the deal Edward Sunderland said: “The firm fought off stiff competition from the incumbent firm to win the business. Pinsent Masons’ partner led offering and sector expertise played a key role in our appointment.”
Geoff Blackwell, Legal Director for Europcar UK, stated “ We were impressed with the commitment showed by Pinsent Masons to invest the time to understand what we wanted. We expect our legal advisers to be pro-active, pragmatic and professional, and they ticked all those boxes.”
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