Automotive supplier secures new €120 million syndicated loan during the coronavirus crisis
6. October 2020
As a high-potential and well-established automotive supplier, it is possible to arrange conventional long-term financing with banks even in the current environment.
In August, Eissmann Automotive Deutschland, a medium-sized enterprise based in Baden-Württemberg, Germany, concluded an agreement to secure €120 million of new loans to finance the growth of its international group of companies. With the new, multi-option syndicated loan facility, the company will be able to repay its existing bank liabilities and have the financial resources it needs for further investments. The loan provides a firm financial foundation for the continuous expansion of the company’s global operations and for the further development of innovative interior concepts for the e-mobility sector.
DUKAP assisted the company in preparing its loan applications, designed the financing structure, developed the term sheet, conducted the contract negotiations together with Eissmann, participated in the syndication talks with the banks, and supported the company throughout the entire process to the successful closing.