White & Case advises joint bookrunners on Schaeffler’s €850 million bonds issuance

Global law firm White & Case LLP has advised joint bookrunners BNP Paribas, BofA Securities Europe SA, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft and other underwriters on a bonds issuance by Schaeffler AG with an aggregate principal amount of €850 million.

Schaeffler AG intends to use the proceeds from the issuance of the Notes for the repayment of amounts drawn under the acquisition bridge facility for the acquisition of Vitesco shares. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker, associate Daniel Gillenkirch and transaction lawyer Nejc Jereb.

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