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Herter & Co. advises KAEFER Isoliertechnik GmbH & Co. KG on its refinancing

Herter & Co. has advised KAEFER Isoliertechnik GmbH & Co. KG on its €730m refinancing split between €250m Senior Secured Notes and a Super Senior Syndicated Loan of €480m (€130m RCF; €350m Guarantee Facility)

Bookrunners for the Bond issue were Deutsche Bank (B&D), BNP Paribas and Unicredit. Bookrunners for the Syndicated Loan were BNP Paribas, Commerzbank, Deutsche Bank and  Unicredit with Bayern LB and LBBW as MLAs. The five-year loans and are fully placed with a further six banks.

Herter & Co. acted as sole debt advisor to KAEFER.

Family-owned KAEFER is a global service provider of insulation, access solutions, surface protection, and passive fire protection (IASP).

 

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