September 20, 2007
September 20, 2007 (Atlanta, GA) – McKenna Long & Aldridge LLP announced today that it advised BCD Travel B.V. and certain of its subsidiaries in connection with a $475 million syndicated credit facility with ING Bank N.V., acting as Agent, and ING Bank N.V. and Bank of America, N.A., acting as Issuing Banks. The transaction closed on September 14, 2007. The senior credit facility is secured by assets and property of BCD Travel located in Belgium, Canada, Germany, the Netherlands, the United Kingdom and the United States, and will be used to refinance existing debt and for working capital.
The legal advisory team was led by McKenna Long & Aldridge partners Ann-Marie McGaughey, of the Atlanta office, and Patricia J. Rogers, of the Denver office.
BCD Travel B.V., a privately owned Dutch company, is a leading provider of global corporate travel management services with operations in more than 90 countries on 5 continents, with $12 billion in total sales and a combined workforce in excess of 12,000 employees.