MoFo News Item
Morrison & Foerster has advised EQT Credit, as sole term lender in respect of Oakley Capital’s investment in Seagull and Videotel. The drawn committed financing of EQT Credit (through its Direct Lending investment strategy) at first financial close was the USD equivalent of $130 million.
EQT Credit invests through three complementary strategies: Senior Debt, Direct Lending, and Special Situations. Since inception, EQT Credit has raised over EUR €7 billion of capital and invested in over 160 companies. EQT Credit’s Direct Lending strategy seeks to provide flexible, long-term debt solutions to support European businesses, across a wide range of sectors. These businesses include privately-owned companies seeking growth capital, as well as those that are the subject of private equity-led acquisitions or refinancings.
The MoFo deal team was led out of London by Finance partners Christopher Kandel and Benoit Lavigne and Finance associates Konstantin Slivinskiy and Ilya Medvedev, with support from Business Restructuring & Insolvency associate Edward Downer, Corporate counsel Simon Arlington and associate Stephanie Craw, and Tax partner Trevor James and associate Kirsten Banks.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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