Allen & Overy LLP advised SGL Carbon SE, a leading global manufacturer of carbon-based products and materials based in Wiesbaden, Germany, on the conclusion of a syndicated revolving credit facility.
The credit facility, arranged by Commerzbank, Deutsche Bank, LBBW and UniCredit Bank, in the amount of EUR 150 million substitutes an existing syndicated credit facility and will be used for general corporate financing purposes of SGL Group as well as for refinancing purposes. The credit facility was concluded in the context of the capital increase of SGL Carbon SE which was resolved and announced on 29 November 2016 to strengthen the capital structure, improve the leverage ratio and enhance the financial flexibility of the Group.
Allen & Overy had previously advised SGL Group on the finance law aspects of the spin-off and disposal of activities of its Performance Products segment.
The Allen & Overy team was led by partners Thomas Neubaum (banking & finance) and Marc O. Plepelits (international capital markets) and comprised counsels Dr Mark Hallett and Dr Urs Lewens, senior associates Martin Schmidt and Timothy Knauff (both international capital markets) and associates David Schmidt and Dr Anna Serwotka (both banking & finance, all Frankfurt).
Also involved in the transaction were the following teams at Allen & Overy Madrid, Amsterdam and Warsaw:
The Madrid team comprised partner Ignacio Ruiz-Camara, senior associate Vanessa Cuellas (both international capital markets), associates Jesus Miralles de Imperial (banking & finance) and Sara Sanz (international capital markets).
The Amsterdam team comprised partner Sigrid Jansen (banking & finance), senior associate Erik-Jan Wagenvoort and associate Krit Zeegers (both banking & finance).
From the Warsaw office, partners Tomasz Kawczynski and Arkadiusz Pedzich as well as associate Artur Rutkowski (all banking & finance) also provided advice.
In-house advice at SGL Carbon was provided by Senior Legal Counsel Dr. Dirk Matthes.
In addition, SGL Carbon was advised by the following law firms:
In Austria: Binder Grösswang
In Scotland: Burness Paull
In Portugal: Vieira de Almeida & Associados
In the USA: Baker & McKenzie (London):
The banking syndicate was advised by Freshfields with Dr Frank Laudenklos and Dr Anselm Lenhard.
