Hogan Lovells advises EIB on refinancing of Benteler Group
Led by Munich partner Christian Herweg and Hamburg partner Carla Luh, international law firm Hogan Lovells has advised the European Investment Bank (EIB) on the refinancing measures for automotive supplier Benteler.
The measures include the refinancing of the existing 1.8 billion Euros debt burden and a further loan commitment of 225 million Euros. Among the approximately 30 creditor banks involved in the refinancing, EIB is the Benteler Group's largest single creditor. The measures guarantee financial stability for the automotive supplier until the end of 2024.
Hogan Lovells advised EIB on all matters related to the restructuring of the group liabilities and the negotiations to amend the EIB loan documentation with all parties involved.
Christian Herweg, Partner for Banking and Finance, said:
"We are pleased that we were able to successfully advise our client EIB in this demanding restructuring process."
Hogan Lovells for European Investment Bank
Dr. Christian Herweg (Partner), Dr. Maximilian Baier (Counsel) (both Finance/ Business Restructuring & Insolvency);
Dr. Carla Luh (Partner), Christian Hermanussen (Senior Associate) (both Finance).
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