International legal practise Osborne Clarke has advised Dutch farming cooperative, Royal Agrifirm Group, on a five-year unsecured €200,000,000 revolving credit facility arranged by ING Bank, Rabobank, KBC Bank and Unicredit.
By extending its existing revolving credit facility for another five years, with two extension options of one year, Agrifirm makes use of the relatively low interest rates which are currently being offered for investment grade companies active in the food production and related markets to secure its medium term financing for the coming years.
The working capital and growth financing facility also includes a ESG framework which can be implemented at any time to enable Agrifirm to benefit from achieving its ESG goals. With almost 3,000 dedicated international employees, Royal Agrifirm Group contributes to a responsible food chain for future generations delivering measurable, relevant and sustainable value at farm, field and industry.
Osborne Clarke's cross-border team advised on the multi-jurisdiction matter, preparing and negotiating the credit documentation for this large corporate transaction. The team was led by Dutch banking and finance Partner Axel van der Staak who was supported by Marlinde Klein Ganseij while Partner David Haex and Tonya Aelbrecht supported from the banking team in Belgium.
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