Weil advised KME AG, a globally active manufacturer of copper and copper alloy products, in the successful placement of a high-yield bond with a volume of €300 million and maturation in 2023. The proceeds from the offering are to be used to repay existing debt.

Goldman Sachs International, BNP PARIBAS and Deutsche Bank acted as global coordinators and joint bookrunners in the placement with institutional investors of the bond issued by KME AG. The bond issue, which marks the capital markets debut of KME AG, follows on the heels of a successful internal reorganization creating substantial value increases.

The Weil team based in Frankfurt was led by Banking & Finance partner Michael Kohl and included: Banking & Finance partner Wolfram Distler; Tax partner Ingo Kleutgens; Capital Markets counsel Heiner Drüke; Banking & Finance associates Julia Schum and Steffen Giolda; and paralegal Nico Schubart.

Weil has been advising KME AG, headquartered in Osnabrück, Germany, for a number of years on its international bank financing (borrowing base financing) as well as its multi-jurisdictional factoring.