Frankfurt/Berlin—Global law firm Dentons has advised HIT Holzindustrie Torgau OHG and HIT Holzindustrie Torgau Verwaltungsgesellschaft mbH on a loan over, in aggregate, €140 million in the context of a refinancing of a €130 million loan. The loan is secured by assets of the HIT group.

HIT Holzindustrie Torgau is based approximately 60 kilometers from Leipzig, Germany. The company is one of the largest producers of pallets in Europe and also one of the largest and most modern wood processing companies in Germany. At the main location in Torgau, it operates inter alia five biomass power stations, a pallet block, a briquettes production as well as a pellet plant. Altogether the company employs approximately 600 employees across four locations.

The Dentons team which was led by Partners Dr. Arne Klüwer and Mortimer Berlet provided comprehensive legal advice to HIT Holzindustrie Torgau. English Law aspects of the transaction were covered by a team of Dentons solicitors in the Firm’s London office. NAI apollo corporate finance GmbH, M.CONSULT Unternehmensberatung GmbH and CVM Capital Value Management GmbH initiated and implemented the structured financing process. The relationship with the client was established by Andreas Ziegenhagen.

Advisor HIT Holzindustrie Torgau:
Dentons (Frankfurt/Berlin/London): Dr. Arne Klüwer (Partner), Mortimer Berlet (Partner, both Banking & Finance, both lead), Andreas Ziegenhagen (Partner, Restructuring), Peter Voisey (Partner, Banking & Finance), Dr. Detlef Spranger (Counsel, Restructuring), Tobias von Gostomski (Counsel, Banking & Finance), Benjamin Kurzberg (Counsel, Restucturing), Dr. David Lange (Counsel, Real Estate), Michael Valentin (Senior Associate, Banking & Finance), Judith Specht (Senior Associate), Dr. Jakob Pickartz (Senior Associate, both restructuring), Olivia Ashurst (Senior Associate, Banking & Finance), Dr. André Morgenstern (Associate, Real Estate), Dr. Marius Hommer (Associate, Restructuring).