Rheinmetall €500 million refinancing

Overview:

• German automotive parts and military technology manufacturer Rheinmetall refinanced a €500 million syndicated loan.
• The new facility, which matures in 2020 and has two one-year extension options, will be used for general corporate finance and as back-up for the company’s commercial paper programme.
• Commerzbank, Crédit Agricole Corporate and Investment Bank, and Norddeutsche Landesbank were coordinating bookrunners and mandated lead arrangers on the transaction.
• Ten other banks participated in the syndication: Australia and New Zealand Banking Group, Bank of America Merrill Lynch, Barclays, BayernLB, BNP Paribas, Deutsche Bank, SEB, Société Générale Corporate and Investment Banking, Stadtsparkasse Düsseldorf, and UniCredit Bank.

Ben Naylor - Regional editor