Global law firm White & Case has advised a banking syndicate on the €2.6 billion refinancing of MEYER WERFT and the reorganization of its financing structure.
The federal government and the state of Lower Saxony are jointly acquiring around 80 percent of the shares in MEYER WERFT and investing €400 million. The financing consists of revolving cash loans, guarantee facilities and hybrid lines for shipbuilding and general corporate purposes as well as promissory note loans due by the end of 2028. It secures the economic future of MEYER WERFT, one of the leading companies in the international shipbuilding industry for the construction of cruise ships.
The White & Case team in Hamburg which advised on the transaction was led by partner Florian Degenhardt and included partner Sven-Holger Undritz, local partners Roland Arlt and Bela Knof, counsel Beate Treibmann and associates Jonas Tangermann, Martin Riederer, Dana Masberg and Robert Bente and transaction lawyer Ioana Marinescu.
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