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Schoenherr Advises Lenders on EUR 300 Million Secured Financing for Austrian Airlines

Schoenherr Advises Lenders on EUR 300 Million Secured Financing for Austrian Airlines

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Schoenherr has reportedly advised a club of lenders led by Erste Group and including Raiffeisen Bank International, UniCredit Bank Austria, BAWAG, and Oberbank on a EUR 300 million COFAG-guaranteed and secured financing for Austrian Airlines.

The financing that will be guaranteed by the Republic of Austria to 90% via COFAG (the government agency in charge of administering the Republic of Austria's COVID-19 rescue fund) is part of the rescue package for the Austrian national carrier.

The Schoenherr team was co-led by Partners Martin Ebner and Wolfgang Holler and included Partners Laurenz Schwitzer, Peter Feyl, and Hanno Wollmann and Associates Stefan Neuwirth, Wolfgang Hellsberg, and Viktoria Stark.

Schoenherr declined to further comment on the transaction.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu