Linklaters has advised RENK Group AG on the legal aspects of a comprehensive refinancing transaction. The new €1.05bn financing package comprises a term facility, a guarantee facility and a revolving credit facility, and is being provided by a consortium of German and international banks.
With the completion of this new unsecured syndicated financing arrangement, which offers significantly improved terms, the company is moving away from its previous secured LBO financing structure. This transition reflects the group’s successful performance and its strong position in the capital market.
Headquartered in Augsburg, Germany, RENK Group AG is a global leader in mission-critical propulsion solutions serving a wide range of military and civilian end markets.
The Linklaters team was led by Banking Partner Przemyslaw Lipin and included Urs Lewens (Counsel), Johannes Gottwald and Matthias Horváth(both Associates, all Banking, Frankfurt).
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