King & Wood Mallesons advised Landesbank Hessen-Thüringen and Bremer Kreditbank AG (BKB) as mandated lead arranger in connection with a syndicated loan facility for PAS Group (PAS). The syndicated financing for PAS has a five-year term and is used to refinance existing indebtedness as well as for working capital purposes.

PAS is a leading developer and producer of cable and panel systems within the “white goods“ range. With factories in Germany, Poland, China, Turkey, the USA and Mexico, PAS is an internationally operating corporation and creates tailor-made system solutions for the household appliances sector.

The King & Wood Mallesons financing team is one of the most renowned and frequently recommended team of advisors in Germany. They provide legal support for banks, private equity investors as well as listed and family-run companies with national and international transactions, particularly in acquisition and corporate financing, restructuring and real estate financing.
Advisors to Landesbank Hessen-Thüringen and Bremer Kreditbank AG:
King & Wood Mallesons, Germany:

Banking and Finance:

    Sabine Schomaker (lead, partner), Ulf Gosejacob (counsel), Markus Nielsen (associate), Isabelle Winkel (PSL, all Frankfurt)

Tax:

    Markus Hill (partner, Frankfurt)