Advising lender consortium on successful refinancing of HELLWEG Group - new credit facilities for EUR 215 million

With a Frankfurt-based team led by Partner Thomas K. Schrell, HKLW advised a consortium of lenders on the refinancing of existing loans of HELLWEG Group. 
The new credit facilities totaling EUR 215 million serve as a flexible and sustainable way to secure HELLWEG Group’s long-term financing. In addition to repaying existing bank liabilities, considerable additional liquidity will be available to fund working capital requirements, including for borrowing base purposes. The new financing structure offers HELLWEG considerably more flexibility at attractive terms. 
HELLWEG is an owner-managed family business. The company is growing disproportionately with a successful concept of DIY, garden center, and online stores., 98 HELLWEG markets in Germany and Austria as well as 56 BayWa DIY and garden centers in Southern Germany are managed and controlled from the group’s Dortmund headquarters. The group also comprises the Augsburg garden centers with seven sites in North Rhine-Westphalia. HELLWEG has some 4,000 employees, 10% of whom are trainees.

Counsel to lender consortium
Heuking Kühn Lüer Wojtek:

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

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