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Walkers' Banking & Finance teams in Guernsey and Jersey advise the SigmaRoc Group on multi-jurisdictional debt refinancing

Jan 12, 2024

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Walkers' Banking & Finance team in Guernsey and Jersey have advised the SigmaRoc Group on the Channel Islands elements of its circa.

€1 billion cross-border debt financing with Banco Santander and BNP Paribas. The facilities will be used by SigmaRoc PLC to partially fund its acquisition of CRH plc's European lime and limestone quarry businesses.

SigmaRoc PLC is an AIM-quoted lime and industrial limestone group targeting quarried materials assets in the UK and Northern Europe. The acquisition will support the group's aim of becoming the market leader in this sector.

A Walkers team led by partner Nigel Weston and including senior counsel Elaine Kelly, senior associate John Swani and associate Lisa Ellefsen, advised Jersey-based Pallot Tarmac (2002) Limited and Ronez Limited.  

A second Walkers team led by group partner Kim Paiva and including associate Robert White advised Guernsey-based SigmaGsy Limited.

Nigel Weston said: "We are delighted to have worked with the SigmaRoc Group on this high-profile debt refinancing, and to have had another opportunity to work in partnership with our Guernsey colleagues on the Guernsey law elements of the transaction, demonstrating our multi-jurisdictional capability."

Kim Paiva added: "We are pleased to have been able to support the SigmaRoc Group and Howard Kennedy on this major cross-border debt financing, and to have been able to provide a joined-up service on both the Guernsey and Jersey elements of the deal."

Walkers were instructed by lead counsel Howard Kennedy.

Patrick Keown, Head of Banking and Real Estate Finance at Howard Kennedy said: "This is a remarkable acquisition for SigmaRoc, which will lay the foundation for the continued growth and strengthening of its business. As a long-standing adviser to the company, it is a pleasure to have represented them in these high-value, complex and multi-jurisdictional financing transactions. We were, once again delighted to instruct Walkers on this transaction, we have a strong working relationship working with them on numerous transactions with the SigmaRoc group, they are technically excellent and deliver a great service. "

Jenny Kokolas

Jenny Kokolas

Communications Manager - Global

T/+44 20 7220 4999
M/+44 (0)7301 272 247
E/Email Jenny Kokolas

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Kim Paiva
Kim Paiva

Kim Paiva

Group Partner

Guernsey

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+44 (0) 1481 748 906

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+44 (0) 7781 134 219

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Nigel Weston

Nigel Weston

Partner

Jersey

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+44 (0) 1534 700 788

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Elaine Kelly
Elaine Kelly

Elaine Kelly

Senior Counsel

Jersey

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+44 (0) 1534 700 721

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+44 (0) 7797 850 572

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John Swani

John Swani

Senior Associate

Jersey

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+44 1534 700 889

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+44 7797 954 632

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Robert White
Robert White

Robert White

Associate

Guernsey

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+44 (0) 1481 748 902

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07911718070

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