Hengeler Mueller advises Gerresheimer on group refinancing

16. March 2011

Gerresheimer AG has signed a new EUR 400 m long-term syndicated loan agreement with a five-year maturity which comprises a term loan of EUR 150 m and a revolving credit facility of EUR 250 m. In addition to general group financing purposes, funds from this long-term syndicated loan will be used principally to prepay a bank loan facility due to mature in 2012/13. Moreover, Gerresheimer AG intends to prepay its existing high yield bond. In order to repay this bond, Gerresheimer has secured another new syndicated loan in the amount of EUR 200 m which is intended to be replaced by a new bond in the medium term.

Gerresheimer AG is an internationally leading manufacturer of high-quality specialty products made of glass and plastic for the global pharma and healthcare industry.

Hengeler Mueller advised Gerresheimer AG on this transaction. The Hengeler Mueller team included partner Thomas O. Cron and associates Jan Penselin and Nikolaus Vieten (all Frankfurt).