NKF advises Impala Terminals Group on its USD 1.26bn debt refinancing and private placement notes issuance

Niederer Kraft Frey advised Impala Terminals Group (Impala), a leading global liquid and dry bulk storage infrastructure operator, as Swiss counsel on its recent USD 1.26 billion debt refinancing and private placement notes issuance.

The financing (which was oversubscribed) was documented under a new common term secured debt platform and comprised USD 560 million in term and revolving bank facilities and USD 700 million in multi-series U.S. private placement notes issued across a range of tenors. Proceeds were used principally to refinance existing borrowings and for general corporate purposes.

Impala operates a significant international network, with assets and operations spanning 20 countries. Through this network, the company manages a portfolio of 30 strategically located terminals. This extensive geographical footprint enables Impala to facilitate the efficient movement of goods across key global trade routes, supporting both producers and consumers in accessing international markets.

The NKF team was led by Transaction partners Philip Spoerlé and Philipp Haas, working with senior associate Julia Tolstova, associate Lorenzo Henseler and junior associate Manuel Constam (all Transaction) and partner Markus Kronauer and counsel Marc Vogelsang (both Tax).

A&O Shearman LLP acted as lead counsel in this transaction.