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.