Noerr advised the banks on the conclusion of a new syndicated loan agreement for 86 million Euro with the specialty metal group SKW Metallurgie. Commerzbank AG and NordLB acted as arrangers.

SKW Stahl-Metallurgie Holding AG is a worldwide leading provider of desulphurisation and secondary metallurgy solutions for the steel industry and of quab specialty chemicals. The group is active in more than 40 countries and with more than 1,000 employees most recently reported turnover of approx. 350 million Euro. The headquarter of the SKW Metallurgie Group is near Munich, with production facilities in France, the USA (6), Canada, Mexico, Brazil, South Korea, Bhutan, Russia, China and India.

The new syndicated loan agreement is for a term of three years and provides the group with adequate debt capital to refinance the existing framework loan agreement and outstanding notes.

Noerr’s Banking & Finance Group recently also advised, inter alia, SAF-HOLLAND on refinancing its credit lines, a bank syndicate on granting a 118 million loan to the logistics group Schnellecke, a bank syndicate led by the Postbank on granting a 140 million loan to the automotive supplier IFA and a mixed consortium on the 600 million financing of the Mall of Berlin.

Advisor bank syndicate (and international coordination): Noerr LLP

Andreas Naujoks, Dr. Torsten Wehrhahn (both Frankfurt), Dr. Julia Baldus (Munich, all corporate)