Deutz AG’s €250 Million Syndicated Loan

King & Wood Mallesons advised DEUTZ AG on the reshaping of its global group financing. Noerr, Bernstein Shur and Squire Patton Boggs advised Commerzbank.

As part of the new financing, DEUTZ AG has increased the volume of its long-term syndicated loan from EUR 160 million to EUR 250 million. In addition to an ESG component, the new loan terms include improved conditions and an extended credit period.

Listed Deutz AG is one of the world’s leading manufacturers of drive systems for off-highway applications. The current portfolio extends from diesel and gas engines to hybrid, all-electric, and hydrogen drives. Founded in 1864, DEUTZ AG is now the oldest engine company in the world.

The King & Wood Mallesons was led by Frankfurt partner Daniel Ehret (Picture) and supported by Dr. Stephan Klein (Associate), Zuhal Uysal (PSL) (all Finance). The Madrid team consisted of Joaquín Sales (Partner), José Berjón (Associate), Fernando Raga Piedra (Junior Associate) (all Finance). The New York team comprised Eli Han (Partner), Ariel Shi (Associate), Lucia Chen (Law Clerk) (all Banking & Financial Services). 

The Noerr team was led by led by Nikolai Warneke (partner), Alexander Schilling (partner, both Banking & Finance, Frankfurt) and further included Martina Buller (senior associate), Sokorei Omar (associate, both Banking & Finance, Frankfurt).

The Squire Patton Boggs team included Pablo Rodriguez (partner), Diego de Egea Menéndez (associate).

The Bernstein Shur team was led by Ian Green (associate).

Involved fees earner: José Berjón – King & Wood Mallesons; Lucia Chen – King & Wood Mallesons; Daniel Ehret – King & Wood Mallesons; Eli Han – King & Wood Mallesons; Stephan Klein – King & Wood Mallesons; Fernando Raga Piedra – King & Wood Mallesons; Joaquin Sales – King & Wood Mallesons; Ariel Shi – King & Wood Mallesons; Zuhal Uysal – King & Wood Mallesons; Martina Buller – Noerr; Alexander Schilling – Noerr; Nikolai Warneke – Noerr;

Law Firms: King & Wood Mallesons; Noerr;

Clients: Commerzbank AG; DEUTZ AG;

Sonia Carcano

Author: Sonia Carcano