Ashurst has advised STIF, a specialist in explosion protection, on the arrangement of a syndicated bank loan totaling €40 million. This financing, structured in several tranches, was negotiated with a banking pool composed of five institutions: Crédit Agricole Anjou-Maine, Société Générale, CIC, BNP Paribas, and LCL, under the coordination of Crédit Agricole Anjou-Maine and Société Générale.
The transaction aims to support STIF's growth strategy by strengthening its liquidity and financial flexibility to foster its development in the explosion protection and energy storage markets. The syndicated loan, with a term of 5 to 7 years, is structured in two tranches of €15 million and one tranche of €10 million.
The Ashurst team was led in Paris by Eric Fiszelson (partner), assisted by Jeffrey Andrélan (associate) in Global Loans, and by Arnaud Wtterwulghe (partner), in Brussels, in Banking.
