Kaye Scholer Acts for Rheinmetall on €500M Single Currency Revolving Credit Facility

December 16, 2011

Frankfurt – Kaye Scholer acted for Rheinmetall Aktiengesellschaft (Rheinmetall) in connection with Rheinmetall’s new €500 million single currency revolving credit facility. Bayerische Landesbank, The Royal Bank of Scotland plc and UniCredit Bank AG acted as Coordinating Mandated Lead Arrangers and Bookrunners.

In addition to the Coordinating Mandated Lead Arrangers and Bookrunners, the syndicate of the new facility includes: Bank of America Merrill Lynch, Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank Deutschland and Deutsche Bank Luxembourg S.A. as Mandated Lead Arrangers and Bookrunners, Barclays Corporate and NORD/LB Hannover as Arrangers and Australia and New Zealand Banking Group Limited and Stadtsparkasse Düsseldorf as Co-Arrangers.

The legal team advising Rheinmetall includes Kaye Scholer Finance Partner Sandra Pfister (lead), Finance Counsel Colin Tan, Finance Associate Reinhard Bunjes, and Tax Counsel Dr. Thomas A. Jesch. Rheinmetall’s Dr. Andreas Beyer was in-house counsel on the matter.

Dr. Walter Uebelhoer and Dr. Ilja Baudisch of Allen & Overy LLP advised the banks.

Founded in 1889, Rheinmetall is a financially robust, internationally successful company serving the defence technology and automotive parts markets. Rheinmetall group’s defense arm is one of Europe’s largest suppliers of defence technology and a global leader in systems and equipment for ground forces. It’s automotive arm, headed by KSPG AG, a Rheinmetall subsidiary, specialises in engine components for reducing emissions and achieving greater fuel efficiency.

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