Clifford Chance advised an international banking syndicate on the extension of the term of its existing syndicated credit facility ahead of schedule and at more favourable terms for Brenntag AG. The volume of the credit facility amounts to EUR 855 million, USD 910 million, CHF 85 million and CAD 80 million. The term of the loan agreement was extended to another five years.

Brenntag is based in Mühlheim an der Ruhr and a global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. The company operates a global network with more than 480 locations in 70 countries. In 2013, the company realized global sales of EUR 9,8 billion with nearly 13,000 employees

The Clifford Chance team was led by partner Barbara Mayer-Trautmann (Munich) and included counsel Philipp Kropatscheck (Frankfurt), senior associate Ivo Keltner and transaction lawyer Dr. Alexander Hansen-Díaz (both Munich) – all Banking & Capital Markets. Lawyers from Clifford Chance offices in New York, Amsterdam, Brüssel, Madrid and Paris were also advising on the transaction.