08-24-2021

World market leader - new consortium structure




With a Frankfurt-based team led by Partner Thomas K. Schrell, business law firm Heuking Kühn Lüer Wojtek comprehensively advised a globally operating manufacturer of centrifuges on the redemption of an existing syndicated financing.

Heuking supported the company in preparing, structuring, drafting, negotiating, and implementing the entire financing documentation.

The consortium loan granted by four banks (BW-Bank, DZ Bank AG, and two other lenders) for a mid-double-digit million euro amount has a term of five years (and includes an extension option). In addition to the redemption and refinancing of existing loan liabilities at group level, the loan serves to finance the group’s general working capital requirements and its intended further growth in the coming years.

Counsel to the company
Heuking Kühn Lüer Wojtek:

Thomas K. W. Schrell, LL.M. (Lead, Banking & Finance), Frankfurt
Anja Harms (Banking & Finance), Frankfurt

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