IFLR1000

Koenig & Bauer €350 million financing

31/1/2018
Financing
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€ 350 million

$ 435.498 million

Completed

31/1/2018

Overview:

  • German printing press manufacturer Koenig & Bauer has a secured a €350 million syndicated loan from seven banks led by Unicredit.  
  • The loan comprises a €200 million guarantee facility, and a €150 million revolving cash credit facility with the option to increase by €50 million. The loans mature in five years but have two one-year renewal options.
  • The other lenders were Bayerische Landesbank, Deutsche Bank, HSBC Trinkaus & Burkhardt, LBBW, BNP Paribas, and DZ Bank.

Ben Naylor - Regional editor

Jurisdiction:

Germany

Deal type:

Financing

Practice area:

Banking

Governing law:

Germany

Industry sector:

Media

Firms:
A&O Shearman

Party: Koenig & Bauer (Borrower)

Lawyers: Mark Hallett, Thomas Neubaum

Ashurst

Party: Unicredit (Mandated lead arranger, Documentation agent)

Party: Bayerische Landesbank (Lender)

Party: Deutsche Bank AG Na ON (Lender)

Party: HSBC Trinkaus & Burkhardt (Lender)

Party: Landesbank Baden-Wuerttemberg (Lender)

Party: BNP Paribas (Lender)

Party: DZ Bank Deutsche Zentral-Genossenschaftsbank (Lender)

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