Herter & Co. advised the Gehring Technology Group on the refinancing of its banking facilities. The transaction, amount undisclosed, included bonding and revolving credit facilities and has a maturity of three years and various extension options.
With the refinancing, the credit documentation of the group was standardized, the financing for the expansion of the group secured and the maturities extended. At the same time, the financial flexibility was increased, whilst the financing costs were reduced.
A group of 4 banks provided the new financing, comprising existing and new house banks.
Herter & Co. acted as Sole Debt Advisor to the Gehring group and structured the credit process.