Cases & Deals

Ecore obtains €160 million borrowing base facility

Clients Ecore B.V.

Jones Day represented Ecore BV, a French company specializing in the recycling of industrial waste, and its subsidiaries in connection with a €160 million (US$176.4 million) borrowing base facility. The facility was secured by a guaranty from Guy Dauphin Environnement SA and was subscribed by a pool of German, French, Belgian, and Dutch banks. Natixis and Deutsche Bank AG (London branch) acted as mandated lead arrangers. The related security package covers the group companies' movable assets in France, the Netherlands, Belgium, and the Grand Duchy of Luxembourg.