Linklaters & Alliance acted for Dresdner Bank Luxembourg, Chase Manhattan, Barclays Capital and Deutsche Bank as arrangers of a £1.8bn multi-currency revolving credit facility with dollar and euro swinglines for BMW AG. The deal is one of the largest non-acquisition loan facilities of the year. Banking partner Jeremy Stokeld led the team. Dresdner was also advised by in-house lawyer Dr Gerd Otte. BMW was advised in-house by a team led by Fredrik Altmann. Norton Rose, led by banking partner Charles Proctor, acted as English adviser to BMW.
Slaughter and May advised on UK aspects for the bank assurer Fortis, on its global equity offering and convertible notes offering. Finance partner Sanjev Warner-kula-suriya led the team. Davis Polk & Wardwell led by finance partner Jeffrey Oakes advised on US aspects. Freshfields, led by corporate partner Don Guiney, acted for the global co-ordinator Warburg Dillon Read.
