Hengeler Mueller advises Grammer AG on refinancing by syndicated loan

07. November 2013

Grammer AG (Amberg), a leading supplier of automotive interior and seating systems, has placed its group finance on a solid long-term footing with a new syndicated loan. A credit facility for EUR 180 m has been agreed for a period of five years plus two one-year extension options. The transaction was underwritten by six core banks in the form of a “club deal”. The new line of credit ensures that the previous global loan agreement for EUR 110 m expiring in July 2015 is refinanced well in advance.

Hengeler Mueller advised Grammer AG on the syndicated loan. The Hengeler Mueller team was led by partner Ralph Defren (Banking and Finance) and included associate Carl-Philipp Eberlein (both Frankfurt).