Fraikin - January 2005

Howard O’Toole and Jonathan Walker acted on the first securitisation buy-out completed in France. The deal was awarded the ISR European corporate deal for 2004 and related to Fraikin’s truck leasing receivables.

This deal was arranged by Calyon and CIC and was structured initially as short term bridge financing, which was securitised and refinanced through the capital markets by the issue of €420m floating rate notes due 2019.

Ongoing administration and trustee services for this transaction in Jersey are provided by Mourant’s multi-jurisdictional corporate services provider Mourant International Finance Administration.