Global law firm White & Case LLP has advised the New York branch of Deutsche Bank AG as Administrative Agent as well as Deutsche Bank Securities Inc., RBC Capital Markets and UBS Securities LLC as Joint Lead Arrangers and Joint Bookrunners of senior secured facilities provided by a syndicate of banks for the acquisition financing of German-based CeramTec Group by European private equity firm Cinven from US chemicals manufacturer Rockwood Holdings.
The Firm also advised the London branch of Deutsche Bank AG as German counsel to the initial purchasers of senior notes issued to the acquisition. The secured facilities consisted of US$472.5 million and €291.3 million term loans and a €100 million revolving facility. The principal amount of the 8.25% senior notes due 2021 was €306.7 million.
The White & Case team which advised on the senior secured facilities was led by partners Alan Rockwell (Bank Finance), Leïla Röder (Bank Finance) and Florian Degenhardt (Bank Finance). They were supported by counsel Alexander Born (Tax), local partners Ines Fritz (M&A) and Daniel Müller (Bank Finance) and associates William Stawell (Bank Finance), Constantin Lauterwein (Corporate), Veit Sahlfeld (Bank Finance) and Matt Walker (Bank Finance).
The German White & Case team which advised on the Notes included partners Florian Degenhardt and Leïla Röder and associate Veit Sahlfeld. They were assisted by partners Sylvia Fiebig (Insolvency) and Markus Burianski (Dispute Resolution), counsel Alexander Born (Tax), local partners Karsten Wöckener (Debt Capital Markets) and Ines Fritz (M&A) as well as associates Susanne Weckbach (IP), Benjamin Schirmer, Conrad Seiferth (Public Law & Regulated Markets) and Silvio McMiken (M&A).
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