Dentons, working with Kromann Reumert, has advised mandated lead arranger, original lender, and facility agent ING Bank and mandated lead arranger, original lender, RCF lender, and security agent Jyske Bank on the DKK 1.565 million refinancing of Umove. Watson Farley & Williams reportedly advised Umove.
According to Dentons, Umove is Denmark’s largest privately-owned public transport provider. The transaction follows Umove’s acquisition by JP Morgan Asset Management’s Global Transportation Group from Cube Infrastructure Managers. The refinancing included senior facilities – covering working capital and future capital expenditure – and green loan features.
Umove operates a fleet of more than 500 buses for urban and interurban connections and was the first in Denmark to run an entirely electric fleet in city operations.
The Dentons’ team included Partner Mark Segall, Senior Associate Kristin Annexstad, and Junior Associate Magdalena Luniak.
