EU-UK Spotlight: Renewables, trade, and the global supply chain
On 15 June, Autodesk entered into a US$1 billion 364-day delayed draw term loan facility for purposes of funding Autodesk’s upcoming acquisition of MaintainX. Simultaneously, Autodesk entered into an amendment to its existing revolving credit facility to increase the commitments thereunder from US$1.5 billion to US$2 billion, and to provide more limited conditions to borrowing for borrowings up to $1.0 billion to finance Autodesk’s acquisition of MaintainX
The Hogan Lovells deal team was led by partner Gordon Wilson (Banking & Loan Finance, Washington, D.C.), counsel Ao Chen (Banking & Loan Finance, New York), and associates Lucia Cadavid Arango and Diane Shin (both Banking & Loan Finance, New York), with support from partner Rupa Briggs (Capital Markets, New York).
On 28 May, Autodesk announced that it entered into a definitive agreement to acquire MaintainX, a leading modern maintenance and operations solution, in an all-cash transaction valued at approximately US$3.6 billion. More on the firm’s role in signing the merger agreement can be found here.