Hengeler Mueller advises VTG on refinancing and corporate reorganisation

12. January 2016

Hengeler Mueller has advised VTG Group on a comprehensive refinancing by concluding a new syndicated loan agreement in the amount of more than approximately EUR 1.2 bn and by restructuring existing USPP-financing in the amount of EUR 650 m in the context of a Europe wide corporate reorganisation which Hengeler Mueller also provided advice upon. VTG Group has combined the wagon hire operations of its local companies in the context of a crossborder merger and asset sales in a one-stop operating company based in Germany, the VTG Rail Europe GmbH, with independent branch offices in the local markets.

The Hengeler Mueller team included partner Johannes Tieves, counsel Peter Dampf and associate Miriam Peter (all Financing, Frankfurt). Advice on the corporate reorganisation was provided by partner Daniela Favoccia and associate Thomas Lang (both Corporate, Frankfurt).