The Swiss listed group holding company OC Oerlikon Corporations, Pfäffikon, has successfully refinanced its credit facility by a new, unsecured syndicated revolving credit facility amounting to CHF 600 m. The facility comprises a revolving credit facility and an ancillary credit facility with a five-year term and two optional one-year extensions. The parameters of the new agreement underline the continuing financial strength of OC Oerlikon, with both the pricing and the terms and conditions in line with syndicated loan market standards for investment grade companies. The syndicate consists of a stable relationship bank group comprising Commerzbank AG and UniCredit Bank AG, who both acted as syndicate coordinators, as well as BNP Paribas (Suisse) SA, Credit Suisse (Schweiz) AG, Deutsche Bank Luxembourg S.A., DBS Bank LTD., HSBC Bank PLC, J.P. Morgan Limited, Landesbank Baden-Württemberg, Société Générale Corporate and Investment Banking, UBS Switzerland AG and Zürcher Kantonalbank as Mandated Lead Arrangers and Bremer Kreditbank AG as Lead Arranger. The new Syndicated Revolving Credit Facility is for general corporate purposes and with immediate effect has replaced the existing credit facility that was due to expire in July 2017.

Homburger advised the lenders with respect to Swiss law. The Homburger team consisted of Daniel Haeberli (Partner, Financial Services), Stefan Oesterhelt (Partner, Tax), Simone Gloor (Associate, Financial Services) and Manuel Baschung (Junior Associate, Financial Services).