Slaughter and May advised Avolta AG on its €2.4 billion refinancing

Slaughter and May advised Avolta AG (“Avolta”), a leading global travel retail and travel food and beverage player, in relation to the amendment and restatement of its €2.4 billion multicurrency Revolving Credit Facility (the “Facility Agreement”), which will be used to refinance existing indebtedness and for general corporate purposes. The amended and restated Facility Agreement extends the maturity by around two years, with the Facility Agreement now maturing in October 2029, and also reduces Avolta’s interest expenses by approximately CHF 10 million due to renegotiated margin levels.