Samsonite’s $2.14 Billion Financing

Shearman & Sterling advised HSBC Bank, National Association, as Revolving and Term Loan A administrative agent, and Bank of America, as Term Loan B administrative agent on the transaction.

HSBC Bank, National Association acted as Revolving and Term Loan A administrative agent, and Bank of America, acted as Term Loan B administrative agent, on an amendment to Samsonite’s existing $2.14 billion financing facilities consisting of a $650 million revolving credit facility, a $820 million term loan A facility and a $667 term loan B facility. Among other things, the amendment permits the addition of certain borrowers to modify certain covenants.

Headquartered in Luxembourg, Samsonite engages in the design, manufacture, sourcing and distribution of travel luggage bags worldwide.

Shearman & Sterling advised HSBC Bank and Bank of America with a team including Maura O’Sullivan (Picture) and Spencer Barrowes.

Involved fees earner: Spencer Barrowes – Shearman & Sterling; Maura O’Sullivan – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Bank of America; Hsbc Bank plc;

Author: Ambrogio Visconti