Clifford Chance has advised the Cordenka group on the refinancing of its existing loan facilties. The financing banks are Commerzbank, NIBC, IKB and BKB.

Cordenka Holding GmbH is a portfolio company of the private equity investor Chequers Capital. It is one of the world's leading manufacturers of industrial rayon filament yarns for the tire industry. This high-tenacity yarn is used as reinforcing material in high-performance tires, hoses and composite materials. Cordenka currently employs approximately 650 people. Headquarters and two production facilities are located in Obernburg, Germany. Further production plants are located in Mühlhausen, Germany, and Gorzow, Poland.

The Clifford Chance team was led by partner Thomas Weitkamp and comprised associates Jennifer Seipelt and Johann Melchior Raiser (all Banking & Capital Markets, Munich), partner Dr. Uwe Schimmelschmidt (Frankfurt) and counsel Cord Freiherr von Mandelsloh (Düsseldorf, both Tax) as well as partner Joachim Hasselbach and senior associate Dr. Robert John (both Corporate, Frankfurt).

Clifford Chance already advised Chequers Capital on the acquisition of the Cordenka group in 2011.