Gleiss Lutz has advised the Siempelkamp Group on its conclusion of a syndicated loan agreement – including the option for a future ESG component – totalling EUR 250 million.
The deal marks a shift by the company from bilateral to syndicated financing – a sign of the banks’ strong confidence in Siempelkamp’s strategy. The newly agreed syndicated financing will help the Siempelkamp Group expand its long-established banking partnerships. The consortium is led by Deutsche Bank and Commerzbank and includes LBBW Landesbank Baden-Württemberg, Bayern LB and UniCredit.
The Siempelkamp Group is a globally active technology supplier for machine and plant engineering, foundry technology and nuclear technology. It is a system supplier of press lines and complete plants for the wood-based panel industry, the metal forming industry as well as the composite and rubber industry. It also supplies transport and storage vessels for nuclear waste. In addition, the Group specialises in the dismantling of nuclear facilities.
The following Gleiss Lutz team advised Siempelkamp on the financing: Dr. Eva Reudelhuber (lead, partner), Pascal Urban, Cora Seelmann (all Banking & Finance), Jan Neumayer (M&A, all Munich), Dr. Ocka Stumm (partner) and Jochem Pfleger (both Tax, Frankfurt).
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