BOND assists Ctac on its successful refinancing
BOND as lead counsel has assisted Ctac on the successful refinancing with ABN AMRO of its existing credit facilities. The new financing provides for a revolving loan facility which can also be utilised in the form of bank account overdrafts and bank guarantees. In addition to a number of Dutch Ctac group members, Ctac Belgium will also have direct access to credit under the new financing. The new financing is documented under an LMA style facility agreement, which is a first for Ctac.
Other legal advisers involved were Norton Rose Fulbright (acting as lead counsel for ABN AMRO), Fieldfisher Brussels (acting as local Belgian counsel for Ctac) and Lydian (acting as Belgian local counsel for ABN AMRO). Founded in 1992, Ctac supports its clients in solving major challenges presented by business dynamics and complex IT processes by offering innovative and future-proof products and services at the interface of business and technology. Ctac is listed on NYSE Euronext in Amsterdam and has its headquarters in ‘s Hertogenbosch, the Netherlands. For more information, please visit: https://www.ctacnv.com/.
