Hengeler Mueller advises Brenntag on refinancing by syndicated loan

07. April 2014

Brenntag, a leading chemicals distributor, has signed a new EUR 1.6 bn syndicated credit facility with a term of five years. At the same time, the interest margins have been reduced significantly and the volume of the credit facility has been expanded by EUR 100 m. Through the new credit facility the existing credit facility which would have expired in July 2016 is refinanced ahead of schedule. The syndicated credit facility serves as financing instrument for the Brenntag Group. Brenntag was able to secure significantly improved terms.

BNP Paribas, Commerzbank, HSBC Trinkaus & Burkhardt, Landesbank Hessen- Thüringen Girozentrale, The Royal Bank of Scotland and UniCredit Bank were mandated as bookrunners.

Hengeler Mueller advised Brenntag on the transaction. The Hengeler Mueller team was led by partner Johannes Tieves (Financing, Frankfurt).