White & Case and Weber & Co. have advised documentation agent, coordinator, and mandated lead arranger SEB on the provision of a EUR 1 billion financing to the Voestalpine steel and technology group. Cerha Hempel reportedly advised Linz-based Voestalpine on the deal.
SEB was joined as book-runner and mandated lead arranger by Bayerische Landesbank, ING Bank, Banco Santander, BNP Paribas, Commerzbank, Credit Agricole Corporate and Investment Bank, Deutsche Bank, DZ Bank, Erste Group Bank, Helaba, Raiffeisen Bank International, and UniCredit.
According to White & Case, the revolving credit line has a term of five years with two extension options. The credit agreement also includes a sustainability feature, which provides for an adjustment of the margin depending on the development of certain ESG risk factors.
The White & Case team in Frankfurt consisted of Partner Thomas Flatten, Local Partner Sebastian Schrag, Counsel Sascha Schmidt, and Associates Daniel Gillenkirch and Merve Mert-Sismangil.
The Weber & Co. team was led by Partner Christoph Moser and included Associates Angelika Fischer and Johann Gasser.
Editor's Note: Cerha Hempel confirmed its involvement in the deal and informed CEE Legal Matters that its team consisted of Partner Volker Glas and Attorney Christian Aichinger.