Hengeler Mueller advises bank syndicate on refinancing of Schaeffler Group

06. February 2012

Schaeffler AG, a renowned supplier of the automotive industry and the world’s leading supplier of mounting rolling bearings and linear products, has concluded a new loan agreement of EUR 8 bn with a bank syndicate comprising BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland and UniCredit. In parallel, Schaeffler Group issues high-yield bonds in the amount of about EUR 2 bn.

Hengeler Mueller has advised the financing banks on this transaction. The Hengeler Mueller team included partners Johannes Tieves and Heinrich Knepper (both Financing) as well as associates Christine Messing, Mathias Eisen and Jan Penselin (all Frankfurt).