HEUKING advises Rheinmetall on up to EUR 1.5bn syndicated bridge financing for the acquisition of NVL
HEUKING advised Düsseldorf-based technology group Rheinmetall on structuring and negotiating their up to EUR 1.5bn syndicated bridge facility. The bridge financing serves as interim financing for the acquisition of NVL (Naval Vessel Lürssen), the military division of the Lürssen Group. With this significant strategic acquisition, Rheinmetall will be creating a German systems house for the development and manufacture of state-of-the-art navy and coastguard vessels, as well as maritime autonomous surface systems, thus taking a significant strategic step in the field of naval shipbuilding.
The bridge financing was provided by a syndicate of banks led by Commerzbank Aktiengesellschaft and UniCredit Bank GmbH as coordinating bookrunners and mandated lead arrangers, as well as Crédit Agricole Corporate and Investment Bank, Deutsche Bank Luxembourg S.A., and Société Générale as bookrunners and mandated lead arrangers.
An A&O Shearman team led by Dr. Walter Uebelhoer and Sebastian Hanke acted for the lenders.
Counsel to Rheinmetall AG
HEUKING:
Sandra Pfister, LL.M. (University of Sydney), (Lead),
Beliardis Ehlert-Gasde,
Sebastian Mangold (all Finance),
Simon Pommer, LL.M. (Tax), all Hamburg,
Dr. Andreas Lenz (Corporate, Space/Aerospace & Defense), Cologne
