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White & Case Advises SEB on Voestalpine's €1 Billion Financing

Global law firm White & Case LLP has advised SEB, a leading Nordic financial services group, on the provision of a €1 billion financing for the steel and technology group voestalpine with headquarters in Linz, Austria. 

SEB acted as documentation agent and, together with Bayerische Landesbank and ING Bank, as coordinator, bookrunner and mandated lead arranger. 

Other mandated lead arrangers and bookrunners were Banco Santander, BNP Paribas, Commerzbank, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, DZ Bank, Erste Group Bank, Helaba, Raiffeisen Bank International and UniCredit. 

The revolving credit line has a term of five years with two extension options. The credit agreement also includes a sustainability feature, which provides for an adjustment of the margin depending on the development of certain ESG risk factors.

The White & Case team in Frankfurt which advised on the transaction was led by counsel Sascha H. Schmidt, partner Thomas Flatten, local partner Sebastian Schrag and associates Daniel Gillenkirch and Merve Mert-Sismangil.

In addition, Weber & Co. Rechtsanwälte, Vienna, advised SEB.

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