Global law firm White & Case LLP has advised a banking syndicate led by Deutsche Bank AG and J.P. Morgan on the complex €1.5 billion leveraged buyout of Senvion SE by Centerbridge Capital Partners.
The deal was completed through a complex financing package consisting of a secured €125 million multicurrency revolving credit facility, a secured €825 million multicurrency letter-of-guarantee facility, a secured €180 million super senior cash liquidity facility, as well as a €400 million high-yield bond. The bond has a coupon of 6.625 percent with a maturity date of 2020. The issuance of the senior secured notes listed on the Irish Stock Exchange commenced on April 24, 2015.
The White & Case team was led by partners Gernot Wagner (Capital Markets) and Leïla Röder (Banking) as well as local partners Rebecca Emory (Capital Markets) and Vanessa Schürmann (Banking). The team also included partners Dr. Bodo Bender (Tax), Dr. Tim Arndt, Dr. Alexander Kiefner (M&A/Corporate), Professor Dr. Norbert Wimmer (Public Law) and Dr. Kai-Michael Hingst (Banking) as well as local partners Dr. Benjamin Schirmer (Public Law), Daniel Müller, Matthias Bochum (Banking), Dr. Sabine Schulte Beckhausen and Dr. Ines Fritz (M&A/Corporate). The team was supported by counsels Sibylle Münch, Michaela Huber (Banking) and Alexander Born (Tax) as well as associates Robert Zehbe, Antony Serban (Capital Markets), Dr. Vanessa Seibel (M&A/Corporate), Dr. Charlotte Kreuzberg, Danister de Silva, Simon Luthar and Mareile Müller-Felsch (Banking).
Lawyers from White & Case offices in London, New York, Paris, and Washington, DC, were also involved.
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