Allen & Overy LLP has advised SAP SE on a EUR 2.5 billion syndicated revolving credit facility.  SAP will use this credit facility to replace an existing EUR 2.0 billion credit facility granted in November 2013. The existing facility was refinanced early in view of the currently favourable market environment.

The new credit facility, which has a term of five years with extension options for up to two years in total, was entered into on further improved terms.

Allen & Overy regularly advises SAP, including on financing issues such as the refinancing of the now replaced credit facility from 2013.

The Allen & Overy team consisted of partner Thomas Neubaum, counsel Dr. Mark Hallett and associate Louisa Drewniok (all Banking and Finance, Frankfurt).