Hengeler Mueller advises Schmolz + Bickenbach on rearrangement of its EUR 650m financing

14. June 2017

Schmolz + Bickenbach Group (“Schmolz + Bickenbach”) has refinanced itself by issuing a EUR 200m high yield bond with a term until 2022 and from the proceeds, inter alia, prematurely redeemed its 2012 high yield bond. Parallel to the issuance, the existing EUR 450m syndicated facility agreement was extended until 2022 with a reduced loan volume of EUR 375m. With both transactions, implemented in a very narrow time frame, Schmolz + Bickenbach managed to significantly reduce its financing costs.

Hengeler Mueller advised Schmolz + Bickenbach on the transaction. The Hengeler Mueller team included partners Hendrik Haag (Capital Markets), Daniela Böning and Nikolaus Vieten (both Finance) as well as associates Jochen Schnepper (Capital Markets), Miriam Peter and Andreas Lischka (both Finance) (all Frankfurt).