Allen & Overy LLP has advised Sixt SE on the successful placement of a Schuldschein loan with a total volume of EUR 375 million with institutional investors on the capital market.

The Schuldschein comprises four tranches with terms of between five and seven years, carrying either fixed or variable interest. Thanks to the high level of interest among investors, the issue volume originally sought by Sixt could be more than doubled.

Bayerische Landesbank, Landesbank Hessen-Thüringen (Helaba) and UniCredit acted as arrangers.

This is the largest individual capital market transaction in the history of the Munich-based mobility services provider. The company intends to use the funds to refinance the EUR 250 million corporate bond which matures in October 2016 and to drive further corporate expansion.

The Allen & Overy team comprised partners Dr. Walter Uebelhoer (banking & finance, Munich) and Christoph Enderstein (ICM, Frankfurt), senior associate Dr. Ilja Baudisch (banking & finance, Munich) and associate Sandra Ziener (ICM, Frankfurt).

Sixt SE was advised in-house by Dr. Franz Weinberger (Director Legal).