Ashurst advised UniCredit Bank AG (Unicredit) as Mandated Lead Arranger and Documentation Agent for a consortium of banks on the €350m facilities agreement for with Koenig & Bauer AG. The financing is Koenig & Bauer's debut in the syndicated credit market.

In addition to a guarantee facility of €200m, the syndicated finance includes a revolving cash credit facility of €150m with an option to increase it by €50m. The facilities have a term of five years plus two one-year renewal options up until December 2024. The banking syndicate also includes Bayerische Landesbank, Deutsche Bank AG, HSBC Trinkaus & Burkhardt AG, LBBW, BNP Paribas and DZ Bank.

The Ashurst team was led by partner Dr Bernd Egbers and counsel Carsten Endres, assisted by transaction manager Anna Caterina Zoth (all finance, Munich).

Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity firms and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project financings as well as on financial restructuring and corporate lendings.