Sebastian Schrag
Biography
Overview
Sebastian Schrag advises domestic and international banks, financial institutions, private equity investors and corporates on all aspects of national and international bank finance law, both as a lawyer and as a civil notary.
He particularly focuses on general corporate finance (e.g. leveraged acquisition finance and investment grade loans) as well as financial and corporate restructurings. He also has a broad range of experience with real estate finance and capital market transactions as well as mergers and acquisitions.
Before joining White & Case in 2017, he worked over nine years in the banking, restructuring and corporate departments of other domestic and international law firms in Frankfurt and previously several years as managing director of a start-up in Bielefeld.
Experience
Bank syndicate, 2024
Advised a bank syndicate of initial purchasers, led by Deutsche Bank and J.P. Morgan SE, on the issuance of various financial instruments by Mangrove LuxCo III S.à r.l. and its subsidiaries for the early and full repayment of Kelvion's existing restructuring liabilities.
Adler Group, 2024
Advised Adler Group S.A. and its subsidiaries on the agreement with a steering committee of bondholders supporting a comprehensive recapitalization of the Group.
Delivery Hero SE, 2024
Advised Delivery Hero SE on extending the maturity of its existing US$813 million and €300 million term loans, raising additional term loans with an aggregate amount of approximately €740 million equivalent, increasing its existing revolving credit facility to €500 million and borrower-friendly amendments to the loan terms.
Stabilus Group, 2023
Advised global motion control solutions supplier Stabilus on a €250 million acquisition-related syndicated bridge financing credit facility.
Tenneco, 2023
Advised Tenneco automotive products OEM and aftermarket clients on the establishment of an asset-based credit facility consisting of aggregate commitments totaling approximately $1.2 billion.
Adler Group, 2023
Advised Adler Group S.A. and its subsidiaries on its successful restructuring, which included amendments to the terms and conditions of certain of its bonds with an aggregate nominal amount of €3.2 billion and the provision of up to €937.5 million of new money funding.
Ecobat, 2023
Advised Ecobat on the sale of Ecobat Resources Stolberg GmbH (ERS), which owns the Stolberg multi-metals processing plant in Germany, to leading commodities supplier Trafigura.
Adler Group, 2022
Advised Adler Group S.A. and its subsidiaries on financing commitments for a new secured debt financing of up to €937.5 million to stabilize operations and capital structure, and a lock-up agreement signed by a steering committee of bondholders which provides for support in changing the terms and conditions of the various bonds issued by Adler Group with an aggregate nominal amount of €3.2 billion.
Stabilus, 2022
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.
HDT Automotive Solutions, 2021
advised US-based HDT Automotive Solutions (HDT), the main shareholder in which is private equity investor Ardian, on the acquisition of German automotive components group Veritas. The transaction includes all four Veritas sites in Germany and all its subsidiaries in Europe, Asia and North America.
SEB, 2019
advised SEB on the provision of a €1 billion financing for the steel and technology group voestalpine with headquarters in Linz, Austria.
Fyber, 2019
Advised Advert Finance B.V. on the financial restructuring and subsequent public acquisition of Fyber N.V. a global technology company developing a monetization platform for mobile publishers, based in Berlin and Amsterdam, traded on the regulated market in Frankfurt.
Wild Bunch, 2019
Advised Voltaire Finance B.V. on the financial restructuring and the subsequent public acquisition of the Wild Bunch Group a leading independent European film distribution and production services group, traded on the regulated market in Frankfurt.
APCOA, 2017 - 2018
Advised the arrangers in connection with the cross-border refinancing of the APCOA Parking Group in a total amount of €435 million and advised the arrangers in connection with the subsequent repricing and increase of the term loan B (total new financing volume of €465 million). The refinancing consists of an institutional term loan B, a revolving credit facility and a guarantee facility.
WernerCo/ZARGES, 2017 - 2018
Advised private equity investor Triton on the financing of the WernerCo acquisition, a Switzerland-based fully integrated international manufacturer and distributor of ladders, secure storage systems and light duty construction equipment. Shortly after completion of the WernerCo acquisition, advised WernerCo on the financing of an add-on acquisition. The add-on acquisition consisted of ZARGES Group (ZARGES), a German-based leading manufacturer and distributor of aluminium ladders and boxes for three main business sectors: Professional Access – Packaging, Transportation, and Storage – Special Construction.
Vitalsana, 2017
Advised the Zur Rose Group (Europe's leading mail-order pharmacy) on the acquisition of the mail order pharmacy Vitalsana B.V. in Heerlen and the associated service provider ApDG GmbH, based in Ulm from Ströer SE & Co. KGaA.
Löwen Play, 2017
Advised the lenders on a bank/bond financing involving a €40 million revolving credit facility alongside the issuance of €350 million 5.375% senior secured notes due 2022 for the Löwen Play group. Löwen Play is one of the largest arcade operators in Germany in the gaming, sports and other amusement machines industry.
Befesa S.A., 2017
Advised the bank consortium on the post-IPO financing of Befesa S.A. The financing with a total volume of €636 million consists of an institutional term loan B, a revolving credit facility and a guarantee facility.
Best Lawyers Germany in Banking and Finance Law, Handelsblatt 2022/2023
