Global law firm White & Case LLP has advised a syndicate of twelve banks, led by Deutsche Bank AG as coordinator and including Landesbank Baden-Württemberg as syndicate agent, on the provision of a €600 million revolving credit facility for Südzucker AG (Südzucker).
The borrower is Südzucker and its subsidiary CropEnergies AG, and the new financing replaces Südzucker's previous revolving credit line. Südzucker is the world's largest sugar producer and one of Germany's largest food groups. It employs around 19,200 people worldwide and is listed on SDAX.
The White & Case team in Hamburg which advised on the transaction was led by local partner Matthias Bochum and included partner Florian Degenhardt and transaction lawyer Ioana Marinescu.
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