Ashurst advised Smart Lenders Asset Management SAS on the financing of Greenleaze SAS's fleet of leased assets. The transaction is structured as a senior bond issuance by a newly created special purpose vehicle, to which the financed assets and the related lease agreements have been transferred.
The issuer is financed by bonds fully subscribed by a fund managed by Smart Lenders Asset Management SAS, benefiting from senior ranking and a security package including notably a fiducie over the issuer's shares, as well as an assignment of receivables by way of security over the rental payments. The vehicle also benefits from a subordinated intragroup loan granted by Greenleaze SAS.
The Ashurst team was led by Agathe Motte (partner), assisted by Aurélien Fournier (counsel) and Agathe Burtz (associate) in Global Markets, as well as Gaspard Bastien-Thiry (counsel) in corporate, in Paris.
