Offshore law firm Appleby has advised JPMorgan Chase Bank in relation to the Jersey law aspects of a new $1.25bn asset-based revolving credit facility to the Adient Group.
The facility was used to pre-pay in full and terminate commitments under an existing credit agreement.
The Adient Group is a global specialist in automotive seating, with 84,000 employees in manufacturing and assembly plants across 32 countries.
The Jersey team at Appleby consisted of Corporate Partner Wendy Benjamin and Senior Associate Kevin McQuillan.