Global, sector-focussed law firm HFW has advised UBS Switzerland AG on its USD 400m credit facility for Swiss cotton and cocoa trader, Paul Reinhart AG.
The HFW team acted as Lender Counsel to update and refinance this secured borrowing base facility with a syndicate comprising eight Swiss and European banks. UBS acted as facility agent and Rabobank as security agent.
Led by Partner Olivier Bazin, the team also included Associates Gibran Alaoui and Christian Iovene from HFW Geneva, Leigh Borrello and Eric Zhang from HFW Sydney, Dinir Salvador Dinos da Rocha and Lincoln Fernandes from HFW association firm CAR in São Paulo and Matthew Cooley from Holland & Knight LLP in New York.
Established in 1788, Paul Reinhart AG is a global leader in the trade of cotton, cocoa, and other agricultural products.
Olivier Bazin, Partner, HFW:
“We’re pleased to have supported UBS on what is a truly significant transaction in the Swiss market. This deal is a testament of HFW’s deep industry knowledge and our ability to navigate complex, cross-border structures in the commodities sector.”
HFW’s global commodities team advises on high profile cases across the spectrum of the international sale of goods, including soft commodities, oil and gas, biofuels, iron and steel, non-ferrous and precious metals, and coal. The team advises leaders in the commodities sector on dispute resolution, advisory, transactional, trade finance and regulatory matters.
