Ashurst advised UniCredit Bank AG (UniCredit) on the granting of a €75 million syndicated loan to Rothenberger AG (Rothenberger), a world leader in pipe tools and machines. UniCredit acts as co-ordinator, arranger and bookrunner of the loan. The loan serves among other things to refinance an existing framework credit line in the amount of €44 million. Besides UniCredit, Commerzbank AG, HSBC Trinkaus & Burkhardt AG, Frankfurter Sparkasse as well as Baden-Württembergische Bank act as further syndicate banks.

The new loan is divided into three tranches for use as a final maturity loan, operating credit and an M&A credit line. In addition to redeeming the existing framework credit and further bilateral lines of credit, the new loan is intended to finance the company's organic and non-organic growth.

The Ashurst team was led by partner Dr Bernd Egbers and counsel Christiane Bestgen. Counsel Carsten Endres and transaction manager Susanne Kasnitz (all banking, Munich) supported.