Ashurst advised UniCredit Bank AG and UniCredit Luxembourg S.A. (together, "UniCredit") in connection with the setting-up and structuring of a syndicated loan for Heinz-Glas Group. The medium-term credit facilities serve to refinance existing liabilities and to finance working capital needs. Besides UniCredit, Commerzbank Aktiengesellschaft and Sparkasse Kulmbach-Kronach also participated in the syndicated loan.

The Ashurst team was led by Munich-based finance partner Dr Bernd Egbers and counsel Carsten Endres, supported by transaction manager Anna Zoth supported (all finance, Munich).

Heinz-Glas Group is among the world's market leaders in the manufacturing and refining of small glass bottles for the perfume and cosmetics industry.