Odeon Group’s ?400 Million Financing Agreement

Odeon Group's ?400 Million Financing Agreement

Weil, Gotshal & Manges advised Odeon Cinemas Group Limited and its subsidiaries on the deal, while White & Case advised the lenders.

Odeon Cinemas Group Limited and its subsidiaries entered into a new, approximately £400 million term loan facility agreement, which will enable it to refinance its existing revolving credit facility and provide further working capital.

Odeon Group is Europe’s largest cinema operator with more than 350 cinemas across the U.K. and Ireland, Spain, Italy, Sweden, Finland, Germany, Norway and Portugal. It forms part of the AMC Entertainment Group, one of the largest movie exhibition companies in the world. 

Weil’s London team was led by Restructuring partners Neil Devaney (Picture), Mark Lawford and Matt Benson, and Banking & Finance partner Reena Gogna. They were assisted by Restructuring counsel Jenny Davidson and Lindsay Merritt; Restructuring associates Aziz Abdul, Wupya Nandap, Maeve Brady and Eilish Cassidy; Banking & Finance counsel Mae Morter and associates Michael McDonald and Jess Carty; Corporate associate Manjinder Tiwana; and Tax partner Oliver Walker and associate Oliver Rosshandler. Weil’s New York team was led by Restructuring partners Ray C. Schrock, P.C. and Candace Arthur, Banking & Finance partner Vynessa Nemunaitis and assisted by Restructuring associate Katherine Lewis and Banking & Finance associate Justina Chen. The Weil team in Germany was led by Restructuring partner Britta Grauke with assistance from Restructuring counsel Matthias Eiden.

White & Case LLP advised affiliates of Oaktree Capital Management, L.P., Centerbridge Partners, Cross Ocean Partners, Barings LLC and Canyon Partners, LLC with partners Shameer Shah, Ben Davies (both London) and Michael Shepherd (Miami & New York) and included associates Yasmine El Kafsi, Sophie Riley, Prema Govind (all London) and Laura Femino (Miami). 

Involved fees earner: Aziz Abdul – Weil, Gotshal & Manges; Candace Arthur – Weil, Gotshal & Manges; Matt Benson – Weil, Gotshal & Manges; Maeve Brady – Weil, Gotshal & Manges; Eilish Cassidy – Weil, Gotshal & Manges; Justina Chen – Weil, Gotshal & Manges; Jenny Davidson – Weil, Gotshal & Manges; Neil Devaney – Weil, Gotshal & Manges; Matthias Eiden – Weil, Gotshal & Manges; Reena Gogna – Weil, Gotshal & Manges; Britta Grauke – Weil, Gotshal & Manges; Mark Lawford – Weil, Gotshal & Manges; Katherine Lewis – Weil, Gotshal & Manges; Michael McDonald – Weil, Gotshal & Manges; Lindsay Merritt – Weil, Gotshal & Manges; Mae Morter – Weil, Gotshal & Manges; Wupya Nandap – Weil, Gotshal & Manges; Vynessa Nemunaitis – Weil, Gotshal & Manges; Oliver Rosshandler – Weil, Gotshal & Manges; Ray Schrock – Weil, Gotshal & Manges; Manjinder Tiwana – Weil, Gotshal & Manges; Oliver Walker – Weil, Gotshal & Manges; Ben Davies – White & Case; Yasmine El Kafsi – White & Case; Laura Femino – White & Case; Prema Govind – White & Case; Sophie Riley – White & Case; Shameer Shah – White & Case; Michael Shepherd – White & Case;

Law Firms: Weil, Gotshal & Manges; White & Case;

Clients: Barings; Canyon Partners, LLC ; Centerbridge Partners; Cross Ocean Partners; Oaktree Capital Management; Odeon Cinemas;

Giulia Di Palma

Author: Giulia Di Palma