Linklaters advises international bank consortium on a revolving syndicated loan for BMW

A cross-border Linklaters team has advised an international banking consortium of more than 40 banks on a revolving syndicated loan for the BMW Group. The credit agreement has a target volume of eight billion euros.

The transaction was led by BNP Paribas S.A. as Documentation Agent, Coordinator, Mandated Lead Arranger and Bookrunner and Citibank, N.A., London Branch and Deutsche Bank AG as Coordinators, Mandated Lead Arrangers and Bookrunners. In total, 43 international lenders were involved in the financing.

The new five-year credit facility is available to the Group for very short-term liquidity needs, if required, and to finance general corporate purposes.

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is one of the world’s leading premium manufacturers of automobiles and motorcycles. The company has 30 production sites worldwide and sold around 2.4 million cars and more than 202,000 motorcycles worldwide in 2022.

Linklaters had already advised a consortium of banks on a revolving syndicated loan for BMW in 2011 and 2017.

The Linklaters teams was led by partner Michal Hlásek and counsel Fabian Neumeier (both Banking, Frankfurt).

Further team members were Maximilian Reiner (Associate, Frankfurt), Mees Roelofs (Partner), Lauren McBrien (Associate, both Amsterdam), Elizabeth Lane (Managing Associate) and Jaime Pelegri (Associate, both New York) (all Banking).