Hengeler Mueller advises Coutinho & Ferrostaal on extension and refinancing of its financing package
04. January 2011
Coutinho & Ferrostaal GmbH & Co. KG and its major subsidiaries have reached an agreement with an international consortium on the extension and adjustment of their existing bank financing. The extended import/export facility, consisting of L/C and cash facilities, has a volume of USD 620 m. In relation to this, two existing factoring facilities have been refinanced and replaced by a new factoring facility in the total amount of USD 180 m.
Hengeler Mueller advised Coutinho & Ferrostaal on completing its financing package. Back in December 2007, the firm had advised Coutinho Ferrostaal on completing the original financings at the time when Coutinho & Ferrostaal was established as a joint venture involving MPC, MAN Ferrostaal and Grupo Villacero
The Hengeler Mueller team included partner Ralph Defren, counsel Axel Gehringer as well as associates Gunnar L. Schmüser and Lars Kloster (all Frankfurt).