Global law firm White & Case LLP has advised Waterfall Asset Management, LLC on a €500 million asset-backed debt capital financing to car subscription platform FINN, secured against its fleet.
Credit Suisse AG is the senior investor in the transaction and Waterfall Asset Management has acquired the mezzanine notes.
FINN is a Munich-based, carbon-neutral car subscription platform founded in 2019. It intends to use the financing to accelerate the growth of its fleet.
The White & Case team that advised on the transactions was led by partners Dennis Heuer (Frankfurt) and Tom Falkus (London) and included counsel Henning Mordhorst (Hamburg) and Alexander Born (both Frankfurt), associates Claire-Marie Mallad, Thorsten Rohde and Andreas Staroselski (all Frankfurt) and transaction lawyer Reetu Vishwakarma (Frankfurt).
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