Munich, April 21, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised a banking consortium led by Commerzbank Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, IKB Deutsche Industriebank AG and UniCredit Bank AG as mandated lead arrangers on the refinancing of the DURAN group. The new senior facilities provide for a comprehensive financing of the group, including the recently added US businesses. The parties have agreed not to disclose the deal volume.

DURAN group with headquarters in Wertheim, Baden-Württemberg is an internationally operating, leading producer of special industrial glass used, inter alia, in mechanical engineering, pharma and medical technology, as well as consumer glass products. The group has about 1700 employees at 12 production locations and covers the complete value creation chain from glass melting through to glass forming and processing.

A Milbank team headed by partner Thomas Ingenhoven advised the banking consortium in relation to the refinancing.

Advisor to the banking consortium: Milbank, Tweed Hadley & McCloy LLP

Thomas Ingenhoven (lead), Katja Lehr, Thomas Möller (all Finance, Frankfurt), Thomas Kleinheisterkamp, Chiara Balbinot (both Tax, Munich); Michael Bellucci, Michael Volodarsky (both Finance, New York); Suhrud Mehta, Patrick Holmes, Morenike Johnson, Lauren Stacey (all Finance, London)