Hengeler Mueller advises Ferrostaal on financing package
30. August 2013
Ferrostaal GmbH and its major subsidiaries have consolidated and extended their existing bank funding with an international consortium led by Commerzbank and Deutsche Bank.
The financing package consists of various tranches of guarantees and letters of credit, on the one hand to discharge existing liabilities and on the other to allow for financing within the project business as well as the trade and services business of the Ferrostaal Group. The volume of the financing package totals approximately EUR 220 m.
Hengeler Mueller advised Ferrostaal on the conclusion of the financing package. The Hengeler Mueller team included partner Ralph Defren (Banking and Finance, Frankfurt) as well as associates Carl-Philipp Eberlein and Jesko Kamischke (both Frankfurt).