Lovells acts for Jaguar Land Rover on EIB £340 million loan facility

Jaguar Land Rover has received a £340 million loan facility from the European Investment Bank (EIB) under the European Clean Transport Facility, to finance investment to reduce CO2 emissions.

The Lovells' team was led by banking partner Andrew Taylor supported by senior associate Eric Halvarsson and associate Robert Turner.   EIB instructed Norton Rose in London (lead partner Madhavi Gosavi); State Bank of India, Bank of India and Bank of Baroda instructed Withers, London (lead partner David Dannreuther); and Credit Suisse instructed Linklaters in Tokyo and Singapore (lead partner, Phil Badge).

According to Lovells partner Andrew Taylor: 

"We're delighted to have helped the JLR treasury and legal teams in their negotiation of the EIB loan and other financing facilities in the past  year."

About Lovells 

With over 3,000 people operating from 29 offices in Asia and the Middle East, Europe and the United States, Lovells is one of the world's leading international law firms.    From 1 May 2010, Lovells LLP and Hogan & Hartson LLP will combine to form Hogan Lovells. The combination is subject to the firms obtaining the necessary regulatory clearances. For more information about Lovells, visit www.lovells.com Lovells (the "firm") is an international legal practice comprising Lovells LLP and its affiliated businesses.  Lovells LLP is a limited liability partnership registered in England and Wales with registered number OC323639.  Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG.

The word "partner" is used to refer to a member of Lovells LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of its affiliated businesses who has equivalent standing.

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