Clifford Chance advises AMEA Power on landmark US$1.1 billion wind and solar projects in Egypt

International law firm Clifford Chance advised NewDay, an established and leading consumer credit company serving approximately five million customers in the United Kingdom, on its offer to exchange its outstanding Senior Secured Notes due 2024 for new Senior Secured Notes due 2026 and cash consideration. In connection with the exchange offer, Clifford Chance also advised NewDay on the amendment and extension of its revolving credit facility.

Clifford Chance has previously advised NewDay on multiple financing transactions, including in relation to the company’s offering of senior secured notes issued as part of the financing for Cinven and CVC’s acquisition of the NewDay group in 2017.

Clifford Chance’s London-based U.S. capital markets team, including partner Michael Dakin, senior associate Drew Rundus and associates Regan Devers and Jake DuCharme, advised NewDay on the exchange offer. Clifford Chance’s London finance team, including partner Richard Day, associate Arpan Bhatt and trainee solicitor Connie Maskell, advised on the amendment and extension of NewDay’s revolving credit facility. Luxembourg advice was provided by partner Steve Jacoby and associate Marie-Elise Gueble.

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