IFLR1000

Heidelbergcement €3 billion refinancing

15/1/2018
Refinancing
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€ 3 billion

$ 3.670 billion

Completed

15/1/2018

Overview:

  • HeidelbergCement agreed a new €3 billion credit facility with a banking syndicate to refinance an existing facility which was due to expire in February 2019. 
  • Twenty banks acted as bookrunners and mandated lead arrangers: Deutsche Bank, Bank of America Merrill Lynch, Barclays, Bayern LB, BNP Paribas, Citigroup, Commerzbank, Crédit Agricole, Danske Bank, Helaba, ING Bank, Intesa Sanpaolo, JP Morgan, LBBW, Mediobanca, Morgan Stanley, RBI, SEB, Standard Chartered and Svenska Handelsbanken.
  • Deutsche Bank acted as documentation and facility agent. The lender was represented by its in-house team. 

Ben Naylor - Regional editor

Jurisdiction:

Germany

Deal type:

Refinancing

Practice area:

Banking

Governing law:

Germany

Industry sector:

Construction and materials

Firms:
Hengeler Mueller

Party: Heidelbergcement AG ON (Borrower)

Lawyer: Johannes Tieves

Linklaters

Party: Deutsche Bank (Bookrunner, Mandated lead arranger)

Party: Bank of America Merrill Lynch (Bookrunner, Mandated lead arranger)

Party: Barclays (Bookrunner, Mandated lead arranger)

Party: Citigroup (Bookrunner, Mandated lead arranger)

Party: Commerzbank AG (Bookrunner, Mandated lead arranger)

Party: Crédit Agricole (Bookrunner, Mandated lead arranger)

Party: Danske Bank (Bookrunner, Mandated lead arranger)

Party: Helaba (Bookrunner, Mandated lead arranger)

Party: ING Bank (Bookrunner, Mandated lead arranger)

Party: Intesa Sanpaolo (Bookrunner, Mandated lead arranger)

Party: JP Morgan (Bookrunner, Mandated lead arranger)

Party: Mediobanca (Bookrunner, Mandated lead arranger)

Party: Morgan Stanley (Bookrunner, Mandated lead arranger)

Party: SEB (Bookrunner, Mandated lead arranger)

Party: Standard Chartered (Bookrunner, Mandated lead arranger)

Party: Svenska Handelsbanken (Bookrunner, Mandated lead arranger)

Party: Bayern LB (Bookrunner, Mandated lead arranger)

Party: BNP Paribas. (Bookrunner, Mandated lead arranger)

Party: LBBW (Bookrunner, Mandated lead arranger)

Party: RBI (Bookrunner, Mandated lead arranger)

Lawyer: Marc Trinkaus

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