Linklaters and Talwar Thakore Associates (TTA) advised the lending and underwriting banks on Tata Steel UK Holdings, which took a term loan and revolving credit facilities of $3.05bn to refinance its bank debt.
Linklaters London partner Narayan Iyer, who had rejoined Linklaters a year ago from TTA, and Singapore partner Philip Badge, and capital markets partner Kevin Wong and TTA partner Rahul Gulati acted for the banks.
JSA and Slaughter & May advised Tata.
The new financing structure consists of a five-year loan of a €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favourable terms and pricing relative to the earlier debt, reported Mint.
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Linklaters and TTA are leading law firms in the finance space. They are also pushing hard in the finance space and I have heard they have made some interesting mid-level hires.
The other market leader in finance is S&R, but they dont do banking, and now seem to be more focused on capital markets and trying to do more corporate work with Rajat moving to Mumbai.
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