Hengeler Mueller advises SMA on credit agreement
02. May 2016
SMA Solar Technology AG has entered into a credit agreement over EUR 100 m with Commerzbank, Deutsche Bank and Hessische Landesbank to facilitate the further growth of the company.
With sales of about EUR 1 bn in 2015 The SMA Group is a producer of solar inverters. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 20 countries. The Group employs more than 3,500 people worldwide. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange and is listed in the TecDAX index.
Hengeler Mueller advised SMA on this transaction. The Hengeler Mueller team included partner Johannes Tieves and associate Miriam Peter (both Financing, Frankfurt).