Wolf Theiss, working with Milbank, has advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion.
According to Wolf Theiss, the Benteler Group issued “two high yield bonds, the first in the amount of EUR 525 million and the second for USD 500 million, both maturing in 2028.”
“Further, a syndicated loan facility worth EUR 810 million and a revolving credit facility equivalent to EUR 250 million were signed,” the firm reported. “Along with the drawings under the syndicated loan facility, the Benteler Group will use the proceeds from the bonds to finance general corporate purposes.”
The Benteler Group is a metal processing specialist that develops safety-relevant products, systems, and services for the automotive, steel, and engineering industries.
The Wolf Theiss team included Partner Matthias Schimka, Counsels Eva Stadler and Christine Siegl, and Senior Associate Markus Aigner.
Wolf Theiss could not disclose additional information on the matter.
Editor's Note: After this article was published, Kinstellar announced it had advised the initial purchasers and lenders as well. The firm's Czech Republic-based team included Partner Kamil Blazek, Counsel Martina Brezinova, Senior Associate Jakub Stastny, and Associate Dominik Ctvrtnicek.