Global law firm White & Case LLP has advised Bank Deutsches Kraftfahrzeuggewerbe (BDK), a subsidiary of Société Générale S.A., on a €700 million asset-backed securities (ABS) auto loans transaction.
"The cross-border White & Case team advised BDK on its previous €600 million and €750 million ABS auto loan deals in 2024 and in May 2025, and has now advised the bank on this follow-up transaction" said White & Case partner Dennis Heuer, who co-led the Firm's deal team.
The bearer bonds have a total nominal value of €700 million and are secured by auto loan receivables originated by BDK. The issuer is Frankfurt-based special purpose vehicle Red & Black Auto Germany 13 UG. The transaction was arranged by Société Générale S.A., which also acted as lead manager. The bonds have been rated by DBRS Ratings GmbH and Fitch Ratings Ireland Limited.
The White & Case team which advised on the transaction was led by partner Dennis Heuer (Frankfurt) and local partner Claire-Marie Mallad (Frankfurt), and included partner Ingrid York (London), counsel Alexander Born (Frankfurt) and transaction lawyer Anna Spentzou (Frankfurt).
Press contact
For more information please speak to your local media contact.
