Transaction

Herter & Co. advises Erndtebrücker Eisenwerk GmbH & Co. KG on refinancing

March 24th, 2020

Herter & Co. has advised Erndtebrücker Eisenwerk GmbH & Co. KG (EEW) on the refinancing of its existing bilateral financing. The new syndicated loan amounts to c. €308m and comprises a revolving credit facility as well as a guarantee facility.
“The transaction was characterized by exceptional complexity due to the involvement of foreign subsidiaries and the roll-in of bilateral financing into the first-time syndicated loan. Herter & Co. has supported us during the entire refinancing process from preparation of required documentation, structuring of the financing to funding with a high level of expertise.”, said Ralf Pulverich, CFO at EEW.
The new syndicated loan facility is provided by a consortium of long-standing house banks
(Commerzbank, Deutsche Bank, Helaba, HSBC, Sparkasse Wittgenstein and UniCredit).
The EEW group is a manufacturer of process, structural and line pipes and mainly active in the global oil & gas industry as well as in the global wind power industry.
Herter & Co. acted as Sole Debt Advisor to EEW.