White & Case advises bank syndicate on €500 million refinancing of revolving credit line for Vetter

Global law firm White & Case LLP has advised a syndicate of banks consisting of Commerzbank, DZ Bank, Helaba, LBBW and SEB on the successful refinancing of the syndicated revolving credit line for Vetter Pharma-Fertigung GmbH & Co. KG (Vetter), an international pharmaceutical service provider.

As part of the transaction, the volume of the existing revolving credit line was increased from €275 million to €500 million with a maturity of up to seven years.

SEB acted as documentation agent on the transaction.

The credit line provides Vetter with enhanced financial flexibility to further implement its investment program and continue its sustainable growth path. The transaction was completed using the online syndication platform vc trade.

The White & Case team in Frankfurt which advised on the transaction was led by counsel Sascha H. Schmidt and included partner Andreas Lischa and associate Elias Schäfer.

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