Hengeler Mueller advises bank syndicate on refinancing of Schaeffler Verwaltungs GmbH

19. July 2013

Schaeffler Verwaltungs GmbH, the holding company of Schaeffler AG, has concluded a new loan agreement of EUR 3.875 bn with an international bank syndicate. As part of the transaction, Schaeffler Holding intends to issue high yield bonds, consisting of EUR and USD tranches with a volume of approximately EUR 1.5 bn which will immediately be used to prepay parts of the bank loans.

Hengeler Mueller advised the financing banks on this transaction in an integrated team with the English Best Friend Slaughter and May. The Hengeler Mueller team included partners Johannes Tieves, Heinrich Knepper and Nikolaus Vieten (all Financing) as well as associate Andreas Lischka (all Frankfurt). The Slaughter and May team included Stephen Powell and Grace Somers (both London).

The cross-border activity of Hengeler Mueller in integrated teams with other leading law firms reflects the international profile of Hengeler Mueller.