Hengeler Mueller advises Grammer AG on reorganisation of group financing
09. September 2011
Grammer AG (Amberg), a leading supplier of automotive interior and seating systems, has issued loans evidenced by certificate of indebtedness (Schuldscheindarlehen) in the amount of EUR 55 m which is divided into three tranches with terms of three, five and seven years. Additionally, Grammer AG has concluded a credit facility agreement in the amount of EUR 78.5 m with a term until 2014 and thereby has refinanced an existing syndicated loan agreement prior to maturity.
Hengeler Mueller advised Grammer AG both on the loans evidenced by certificate of indebtedness and the credit facility agreement. The Hengeler Mueller team included partner Ralph Defren and associate Gunnar Schmüser (both Frankfurt).