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Schoenherr Advises Banks on EUR 1.7 Billion Financing for Wiener Stadtwerke

Schoenherr Advises Banks on EUR 1.7 Billion Financing for Wiener Stadtwerke

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Schoenherr, working with Linklaters, has advised sole coordinator, documentation agent, bookrunner, and mandated lead arranger UniCredit Bank Austria, facility agent ING Bank, bookrunners and mandated lead arrangers Erste Group Bank, Raiffeisenbank International, and Commerzbank, as well as other banks on the EUR 1.7 billion revolving syndicated facility for Wiener Stadtwerke.

According to Schoenherr, “Wiener Stadtwerke's debut in the international syndicated loan market was significantly oversubscribed compared to the target volume of EUR 1.7 billion. The new credit facility serves to finance general corporate purposes and is available to Wiener Stadtwerke also for very short-term liquidity requirements, if necessary.”

Schoenherr’s team included Partner Martin Ebner, Attorney at Law Mate Kovacs, and Associate Nikolaus Muellner.

Linklaters’ team in Germany included Partner Michal Hlasek and Associates Lasse Petersen and Martin Reschke.

Schoenherr was unable to disclose additional information on the deal.

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