Private Credit 2025

FRANCE Trends and Developments

Trends and Developments Contributed by: Arnaud Fromion, Frédéric Guilloux and Pierre-Benoît Pabot du Châtelard Clifford Chance

Clifford Chance has been a leader in the French market for more than 60 years. It opened its Paris office in 1962 and is recognised as one of France’s leading law firms. It has 44 partners and over 250 members of legal staff. Its clients include leading French and international cor - porates, banks and financial institutions. It has developed a veritable savoir faire in a number of sectors in France. Its lawyers have a fine un - derstanding of the legal and economic environ -

ment in which its clients operate and can easily and promptly adapt their advice in light of the relevant business and operational constraints. Its lawyers work hand in hand with top market specialists in complex areas of law that many firms do not cover. For example, it covers Regu - latory and State Aid, Real Estate and Employee Share Schemes, that are of strategic impor - tance to its clients. debt funds and borrowers on different types of bank and bond financings. He also specialises in real estate finance. Frédéric is a member of the Paris Bar and joined Clifford Chance in January 2025, after having served as a partner at various firms. He graduated from the University of Paris Nanterre and holds a Master’s in Business Law, as well as a Master’s in International Law from the University of Paris-Pathéon-Assas. the finance team at Clifford Chance, Paris. He represents private equity sponsors and financial institutions on acquisitions, refinancing, debt restructuring, infrastructure and cross-border project transactions, on all types of senior and subordinated financings, including mezzanine and unitranche financings, public to private transactions and private investments in public equity. A member of the Paris Bar since June 2006, Pierre-Benoît joined Clifford Chance in Pierre-Benoît Pabot du Châtelard is a partner based in

Authors

Arnaud Fromion is a partner in debt financing within the team at Clifford Chance, Paris. He applies his expertise to leveraged acquisition financing and corporate financing. He

represents banks, debt funds, financial sponsors and corporate borrowers in various types of bank and bond financings. Arnaud is a member of the Paris Bar and joined Clifford Chance in January 2025, after having served as a partner at various firms. He graduated in Law from the University of Newcastle and holds a Master’s degree in Business Law and Corporate Law from the University of New Orleans and the University of Orléans.

Frédéric Guilloux is a partner in debt financing within the global financial markets team at Clifford Chance, Paris. His practice focuses on leveraged acquisition finance and

corporate finance, and he represents a wide array of financial institutions, banks, private

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