Cegelec - October 2009

On 15 October 2009, Cegelec Entreprise, successfully concluded the refinancing of its c.£700m one-year debt bridge loan. The refinancing was completed through a shareholder loan provided by Qatari Diar, financed through a five-year Sharia-compliant syndicated QAR4bn (c.£750m) facility arranged by Qatar Islamic Bank.

In a context of difficult market conditions, time constraints and the high level of debt requirement, Canaccord Genuity'successfully assisted Cegelec and Qatari Diar in the refinancing process from April to October 2009. Canaccord Genuity provided advice in relation to negotiation tactics and strategy, documentation and support in producing its revised business plan and presentations to lenders.