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Vanessa Schürmann practices in the area of Banking and Finance law, specializing in Leveraged and Loan / Bond Financings (including High Yield), Acquisition Finance, Real Estate Finance (including Commercial Mortgage Backed Securities Transactions), Corporate Loans, Syndications, Securitizations, Loan Portfolio Sales and Restructurings. In addition, she has a broad range of experience with derivatives in connection with the foregoing financings.
She advises banks and other financial institutions, private equity investors and corporates under English law in respect of cross-border finance transactions.
Before joining White & Case in 2014, she practiced for over nine years at another international law firm both in their Frankfurt and London offices. Furthermore, Vanessa Schürmann worked in the Leveraged and Acquisition Finance Team for a leading international bank in London for one year.
Advised the lender syndicate on the upsizing of Leadec’s term loan facility by an additional € 102.5 million. Leadec is one of the leading providers of technical services for the manufacturing industry.
Advised the arrangers in connection with the cross-border refinancing of the APCOA Parking Group in a total amount of € 435 million and advised the arrangers in connection with the subsequent repricing and increase of the term loan B (total new financing volume of € 465 million). The refinancing consists of an institutional term loan B, a revolving credit facility and a guarantee facility.
Advised the lenders on a bank/bond financing involving a € 40 million revolving credit facility alongside the issuance of € 350 million 5.375% senior secured notes due 2022 for the Löwen Play group. Löwen Play is one of the largest arcade operators in Germany in the gaming, sports and other amusement machines industry.
Advised private equity investor Triton on the financing of the WernerCo acquisition, a Switzerland-based fully integrated international manufacturer and distributor of ladders, secure storage systems and light duty construction equipment. Shortly after completion of the WernerCo acquisition, advised WernerCo on the financing of an add-on acquisition. The add-on acquisition consisted of ZARGES Group (ZARGES), a German-based leading manufacturer and distributor of aluminium ladders and boxes for three main business sectors: Professional Access – Packaging, Transportation, and Storage – Special Construction.
Advised the bank consortium on the post-IPO financing of Befesa S.A. The financing with a total volume of € 636 million consists of an institutional term loan B, a revolving credit facility and a guarantee facility.
Advised a group of banks on the refinancing and upsize of German-based shipping company Hapag-Lloyd’s revolving credit facility from US$ 125 million to US$ 145 million provided by Credit Suisse AG, London Branch, Crédit Agricole Corporate and Investment Bank, Deutsche Bank Luxembourg S.A., Goldman Sachs Bank USA and HSH Nordbank AG.
Advised arrangers Credit Suisse, Deutsche Bank and Goldman Sachs on the € 450 million refinancing of leading wood panel manufacturer Pfleiderer. The new financing consists of a 7-year covenant-lite institutional term loan B with a volume of € 350 million as well as a credit facility with a maximum term of 5 years and a volume of € 100 million.
Advised BNP Paribas Fortis SA/NV, Commerzbank Aktiengesellschaft, Deutsche Bank AG, London Branch, The Royal Bank of Scotland plc and UniCredit Bank AG as Mandated Lead Arrangers in a € 610 million credit facility to finance the acquisition by private equity investor One Equity Partners Europe GmbH of SGB-SMIT Beteiligungs GmbH, the German-based largest independent, pure-play manufacturer of power transformers.
Advised Swiss holding company Proman Holding AG, a majority shareholder in one of the world’s largest methanol and other petrochemical producers on the issuance of CHF 200 million 3.50% Swiss bonds due 2022 and a € 250 million credit facility consisting of a revolving credit facility and a term loan B facility.
Advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on the € 1.35 billion refinancing of the Senvion group, a German-based leading manufacturer of onshore and offshore wind turbines. The refinancing includes € 950 million of credit facilities (a secured multicurrency revolving credit facility valued at € 125 million, a € 825 million secured multicurrency letter of guarantee facility) and a € 400 million green high yield bond. The high yield bond will be due in 2022 and has a 3.875% coupon rate. The bonds are listed on the Irish Stock Exchange.
Advised private equity investor Triton on the leveraged buyout of Fläkt Woods Group, a leading provider of air technologies solutions.
Advised a bank syndicate led by Commerzbank, IKB Deutsche Industriebank, Raiffeisen Bank, Swiss Re International, UniCredit Bank and Zurich Insurance on the leveraged buyout of Voith Industrial Services by Triton.
Advised a bank syndicate led by Deutsche Bank and J.P. Morgan on the €1.5 billion leveraged buyout of Senvion SE (now Senvion GmbH) by Centerbridge Capital Partners including 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 secured €400 million high-yield bond, together with an amendment and restatement agreement required to achieve a successful offering of Senvion GmbH's parent company Senvion S.A.