Freshfields takes lead on £13.3bn BAA refinancing
Freshfields Bruckhaus Deringer has taken a lead role advising on the landmark £13.3bn refinancing of airport operator BAA. The magic circle firm has advised the company, which today (20 August) was warned by the Competition Commission that it may have to sell three of its seven UK airports, on the refinancing - acting opposite a raft of City firms. Freshfields finance partners Ian Falconer and Marcus Mackenzie led the team for Freshfields, with the firm effectively working on the refinancing ever since BAA was bought by a consortium led by Spanish construction group Ferrovial in 2006.
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