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International law firm Reed Smith has advised new client TelecityGroup plc in connection with its £200m refinancing. TelecityGroup is Europe’s industry leading provider of premium network independent data centres and plans to use the new funding to support the future growth of the business and its demand-driven investment programme. The 5 year facilities were jointly lead arranged by Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, represented by DLA Piper UK LLP. Phillip Slater, partner and head of Reed Smith’s general finance team in London, led the multijurisdictional team which comprised practitioners in the firm’s Financial Industry Group drawn from the London, Paris and Munich offices. He was supported by Lucy Newcomb (partner), Akhil Sharma (associate) and Nicola Morrow (trainee associate) in London, Stefan Kugler (partner) and Rene Lochmann (associate) in Germany and Anker Sorensen (partner) and Renee Kaddouch (associate) in France. Commenting on the transaction, Phillip Slater said: “This is a terrific result on a strategically important deal for a new client. It underpins our ability to secure new relationships and deliver results based on our quality, commitment and market knowledge.”
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