White & Case Advises Deutsche Bank on Amendment and Extension of Credit Facility for Heidelberger Druckmaschinen
Global law firm White & Case LLP has advised Deutsche Bank Luxembourg, as agent, on the amendment and extension of the existing secured credit facility for Heidelberger Druckmaschinen AG, the Germany-based world market leader for offset printing presses and specialist in printing products and services.
The total commitments were increased to €320 million and the maturity extended for five years, in addition to other extensive adjustments to the documentation. The facility will support Heidelberger Druckmaschinen’s day-to-day operations and provide strategic support for the further expansion of its digital business models, including a new subscription business.
The White & Case team which advised on the transaction was co-led by partner Thomas Flatten (Frankfurt) and local partner Matthias Bochum (Hamburg), and included local partner Matthias Grigoleit, counsel Beate Treibmann, associate Max Sergelius (all Hamburg) and transaction lawyer Ewa Trochimiuk (Frankfurt). Lawyers from the White & Case offices in Hong Kong, London, Los Angeles, New York, Paris, Singapore and Tokyo also advised on the transaction.
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