Stibbe advises Basic-Fit

NL Law

Stibbe advised Basic-Fit on the amendment of its finance agreements with its banks.

Given the current dynamic environment and the uncertainties in relation to the development of the COVID-19 pandemic, Basic-Fit has successfully negotiated with its syndicate banks a waiver and relaxation on its loan covenants for its existing €550 million multicurrency term, revolving and GO-C facilities.