DLA Piper advised R. STAHL Aktiengesellschaft, headquartered in Baden-Württemberg, on a EURO 95 million corporate financing deal.
The financing deal is being arranged by Deutsche Bank AG and HSBC Trinkaus & Burkhardt AG, with Baden-Württembergische Bank and Commerzbank Aktiengesellschaft acting as additional loan providers.
The contract provides for a credit line of EURO 80 million in cash and EURO 15 million in guarantees. In addition, an enhancement option of EURO 25 million has been agreed. The loan has a term of five years.
STAHL has closed a syndicated loan agreement for the first time and is therefore taking advantage of the favorable market situation to finance the group. The syndicated loan expands the company’s financial basis for investments and acquisitions. STAHL AG is a provider of products, systems and services for explosion protection. Listed on the stock exchange, the company has a balance sheet total in excess of EUR) 270 million in 2014 and has more than 1,900 employees worldwide.
The DLA Piper team was led by partner Dr Wolfram Distler (Finance & Projects). The team in Germany also included partner Martin Heinsius (Tax), senior associate Rebecca Schulz and trainee Rosali Reindl (both Finance & Projects, all Frankfurt).
Also on this project was an international advisory team. In the United States, support was provided by partner Matt Schwartz (U.S. Business Groups, San Diego) and associate Andrew Zollinger (US Business Groups, Dallas).
In the UK, partner Matthew Christmas led the team, supported by associate Alexander Yeramian (both Finance & Projects, both Manchester).
In Norway, the team consisted of partner Fredrik Lindblom and senior associate Erik Bakke (both Finance & Projects, both Oslo). Finally, in the Netherlands, the project was led by partner Gerard Kneppers and associate Stefanie Postema (both Finance & Projects, both Amsterdam).
