Hengeler Mueller advises bank syndicate on refinancing of SAP

22. December 2017

SAP SE (“SAP”) has announced the signing of a new revolving credit facility. A credit facility for EUR 2.5 bn has been agreed for a period of five years plus two one-year extension options. The new line of credit ensures that the existing credit facility of EUR 2 bn which would have expired in 2020 is refinanced well in advance.

Citigroup Global Markets Limited, Commerzbank AG, Landesbank Hessen-Thüringen Girozentrale and The Bank of Tokyo-Mitsubishi UFJ Ltd. were mandated as coordinators, bookrunners and lead arrangers in this transaction.

Hengeler Mueller advised the financing banks on this transaction. The Hengeler Mueller team was led by partner Johannes Tieves and included associates Christopher Ghabel and Torsten Göcke (all Financing, Frankfurt).