Global legal practice Norton Rose Fulbright has advised Helaba as mandated lead arranger and bookrunner on a €600m five year term loan to be used by International Airlines Group (IAG) for its acquisition of Ireland’s Aer Lingus.
IAG has cancelled €600m of an existing €1.4bn bridge loan and replaced it with funds arranged and underwritten by Helaba. Helaba is also acting as security agent on the €1.4bn bridge facility. It will provide IAG with a €200m A1 tranche. Additionally, British Airways, whose parent company is IAG, will provide a €400m A2 tranche.
Helaba, headquartered in Frankfurt am Main and Erfurt, offers financial services to companies, banks, institutional investors and the public sector in Germany and internationally.
The Norton Rose Fulbright team was led by partner Anthony Morton (banking and finance, Frankfurt) and included Miriam Kaufmann, partner Nadine Bourgeois (both banking and finance, Frankfurt), partner Paul Whitelock (corporate/M&A, London) and Surbhi Malhotra-Trenkel (banking and finance, Munich).
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