Global law firm Clifford Chance has advised the lenders in relation to a €2 billion revolving facility agreement for Infineon Technologies AG, a global semiconductor leader in power systems and IoT.
The revolving credit facility has a tenor of five years and features two one-year extension options at each lender’s discretion.
BNP Paribas S.A. Niederlassung Deutschland and Deutsche Bank Aktiengesellschaft acted as coordinators and BNP Paribas S.A. Niederlassung Deutschland also acted as documentation agent. Deutsche Bank Luxembourg S.A. acted as facility agent, with various lenders from Europe, America, and Asia acting as bookrunners and mandated lead arrangers.
The Clifford Chance team was led by partner Simon Reitz and further consisted of Senior Associate Nico Köhler, Associate André Weberand Transaction Lawyer Jovana Filipović Ćirković (all Debt Finance) and partner Olaf Mertgenand Senior Associate Steffen Waadt (both Tax, all Frankfurt).
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