Hengeler Mueller advises bank syndicate on financing of SAP AG
14. November 2013
SAP AG (SAP) has announced the signing of a revolving credit facility. A credit facility for EUR 2 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 1.5 bn which would have expired in 2015 is refinanced well in advance.
Citigroup Global Markets Limited, Deutsche Bank AG, Landesbank Hessen-Thüringen Girozentrale and The Bank of Tokyo-Mitsubishi UFJ, LTD were mandated as Bookrunners and Mandated Lead Arrangers in this transaction.
Hengeler Mueller advised the financing banks on this transaction. The Hengeler Mueller team was led by partner Johannes Tieves (Financing) and included associate Andreas Lischka (both Frankfurt).