White & Case advises bank syndicate on €275 million credit line for Vetter
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Global law firm White & Case LLP has advised a syndicate of banks consisting of SEB, COMMERZBANK, DZ BANK, LBBW and Helaba on the credit line for Vetter Pharma-Fertigung GmbH & Co. KG (Vetter), an international pharmaceutical service provider.
SEB acted as documentation agent on the transaction.
The revolving credit line with a total volume of €275 million and a term of up to seven years was arranged by Vetter directly for the first time via the web-based credit syndication platform vc trade and adapted to international credit market standards. It is available for general working capital requirements and offers Vetter the possibility to expand the credit volume by up to a further €110 million.
The White & Case team in Frankfurt that advised on the transaction was led by counsel Sascha H. Schmidt and included partner Thomas Flatten.
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