Mittal creates optimism among lawyers

Author: Dan Andrews | Published: 12 Dec 2006

Mittal Steel's bid for fellow steel-maker Arcelor has produced Europe's largest general corporate funding loan – good news for M&A lawyers.

The €17 billion refinancing of Mittal's acquisition and other facilities is a positive sign for mergers and acquisition lawyers in Europe, as well as their banking counterparts.

The transaction shows the capacity of the market to refinance event-driven...