Global law firm White & Case LLP has advised the Austrian BENTELER Group, a global supplier in the automotive, energy, and machinery sectors, on a €2 billion refinancing for the full repayment of the Group's existing liabilities under its 2023 financing.
The transaction included raising a €1 billion term loan A and a €400 million revolving credit facility as well as issuing a €600 million high yield bond with an interest rate of 7.25% per annum maturing in 2031.
The White & Case team which advised on the transaction was led by partners Vanessa Schürmann, Rebecca Emory and Gernot Wagner (all Frankfurt) and included partners Andreas Lischka (Frankfurt), Norbert Wimmer (Berlin), local partner Markus Fischer (Frankfurt), counsels David Santoro, Alexander Born, Sascha Schmidt, Joachim Schmidt (all Frankfurt), Christoph Arhold, Anna Burghardt-Kaufmann (Berlin) and associates Ben McIver, Jan-Christopher Wilhelms, Bethany Davies, Hueseyin Sariguel, Torben Harbeck, Phoebos Lazaratos, Marie Frowerk, Matthew Johnston, Annika Fussbroich (all Frankfurt), Marvin Goebberd, Nicole Krellmann, and Friederike Kirch (all Berlin).
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