BarentsKrans advises Huisman Equipment on €150 million LMA Guarantee Facility Agreement

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BarentsKrans has assisted Huisman with the entry into of an €150 million LMA-based guarantee facility agreement with BNP Paribas S.A., Netherlands Branch, Commerzbank AG Kantoor Amsterdam, Coöperatieve Rabobank U.A. en ING Bank N.V. In addition, the Finance team advised on the cash pool arrangements with Coöperatieve Rabobank U.A.

Huisman is a worldwide operating company delivering step changing technical solutions to world’s leading companies in the oil & gas, renewables, leisure and civil industries. Huisman’s product range can be subdivided into six main categories: cranes, pipelay equipment, drilling equipment, winches, vessel designs and special projects. Products vary from stand-alone components to highly engineered integrated systems; from concept to installation and life time support. For more information on Huisman, please click here.

Jason van de Pol, Elze van der Minne and Mariana Boulos Jaraisy have assisted on the transaction. Allen & Overy Amsterdam acted for the consortium of banks.