Ashurst advised Cristal Union, a French sugar cooperative group, on the refinancing of its bank debt for a total amount of €900 million with a pool of 12 banking institutions.
Concluded at the end of January 2026, the transaction covers the refinancing of syndicated loans, subordinated debt, and Euro PP (€211 million), the increase of the revolving credit facility to €550 million, and the establishment of a new facility dedicated to investments (€140 million). The debt maturity is now set for 2031, with two-year extension options.
The financing includes an ESG component, with indicators linked to the group's commitments regarding decarbonization and water management.
The Ashurst team was led by Eric Fiszelson (partner), assisted by Jeffrey Andrélan (associate) in the Paris Global Loans practice.
