Hengeler Mueller advises JOST on refinancing

03. July 2018

JOST Werke AG (“JOST”), a leading global producer and supplier of safety-critical systems for trucks and trailers, has successfully issued its first Schuldschein loan with maturities of five and seven years.

Due to high demand from institutional investors, the placement was oversubscribed and the total volume was increased from EUR 100 m to EUR 150 m. The group was thus able to improve its long-term financing and extend its maturity profile at favorable conditions. The group will use the proceeds of the Schuldschein issue to redeem existing financial debt.

In conjunction with the Schuldschein loan, JOST also entered into a EUR 150 m revolving credit facility substituting the existing EUR 80 m facility.

Hengeler Mueller advised JOST on the refinancing. The Hengeler Mueller team included partners Daniel Weiss and Nikolaus Vieten as well as counsel Peter Dampf and associate Miriam Peter (all Financing, Frankfurt).