Restructuring of HAM Group’s bank financing by club deal
With a Frankfurt-based team led by Partner Thomas K. Schrell, the business law firm of Heuking Kühn Lüer Wojtek advised a bank consortium led by Kreissparkasse Biberach on restructuring HAM Group’s financing. The consortium of lenders consists of commercial and regional banks. The financing volume was not disclosed.
Heuking Kühn Lüer Wojtek supported the bank consortium comprehensively from structuring the financing to drafting the entire contract documentation and in the subsequent negotiations up to disbursement of syndicated financing.
HAM Group is a globally operating manufacturer of precision tools and tool systems and generates revenue of some EUR 46 million with about 400 employees. In addition to the development and production of precision tools, tool management systems are provided as a service. Key customer groups include the automotive industry and the aircraft industry as well as the medical technology sector.
Counsel to bank consortium
Heuking Kühn Lüer Wojtek:
Thomas K. Schrell, LL.M. (Banking & Finance), Frankfurt