White & Case advises J.P. Morgan on TMD Friction’s debut issuance of €350 million senior secured notes

Global law firm White & Case LLP has advised J.P. Morgan as initial purchaser on TMD Friction's issuance of €350 million senior secured notes due 2031, and J.P. Morgan and DZ BANK as lenders on TMD Friction's €35 million super senior revolving credit facility with a maturity of 4.5 years.

TMD Friction is a leading global manufacturer and supplier of brake friction materials for passenger cars and commercial vehicles. It is owned by AEQUITA, a founder-led private investment firm with a long-term focus and family office approach with aggregate portfolio company revenues of approximately €8 billion.

The White & Case team in Frankfurt which advised on the transaction was led by partners Rebecca Emory, Vanessa Schürmann and Gernot Wagner and included partners Bodo Bender and Sebastian Schrag, counsel Alexander Born and associates Jan-Christopher Wilhelms, Misbah Qamar, Hüseyin Sarigül and Yulia Chembulatova.

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