Global law firm White & Case LLP has advised Stabilus SE and its subsidiaries (Stabilus Group), one of the world's leading suppliers of motion control solutions for a wide range of industries, on a new long term financing with €450 million credit facilities.
The credit agreement has a five-year term with extension options for up to two additional years, and includes a €100 million syndicated term loan facility and a €350 million syndicated revolving credit facility.
With the loans, Stabilus Group will refinance a credit agreement from June 2016 and secure its financing structure for the next five to seven years. Commerzbank AG and UniCredit Bank AG acted as coordinators and bookrunners for the transaction.
The White & Case team in Frankfurt which advised on the transaction was co-led by partners Vanessa Schürmann and Sebastian Schrag and included partner Andreas Lischka and associates Markus Fischer and Gürkan Akbaba.
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