Contacts

Clemens Niedner

Partner

Read More

Jacqueline Arbogast

Senior associate

Read More

Dr. Philipp N.W. Weiten, LL.M.

Senior associate

Read More
Contacts

Clemens Niedner

Partner

Read More

Jacqueline Arbogast

Senior associate

Read More

Dr. Philipp N.W. Weiten, LL.M.

Senior associate

Read More

12 May 2021

Taylor Wessing advises syndicate of banks on a sustainability-linked EUR 500,000,000 syndicated facility for Symrise AG

A team from the international law firm Taylor Wessing, led by Clemens Niedner, head of the Banking and Finance practice group, advised UniCredit as documentation agent on the syndicated financing for Symrise group, listed in the MDAX. In the banking syndicate consisting of eleven financial institutions, jointly coordinated by Commerzbank and UniCredit, LBBW is acting as facility agent and Rabobank is acting as sole sustainability coordinator.

The EUR 500,000,000 facility is provided by an international consortium and offers flexibility with regard to the term structure and drawdown in optional currencies. The sustainability criteria are individually tailored to the needs of the group and include the eco-efficiency of greenhouse gas emissions, the expansion of sustainable procurement processes for biological raw materials and increasing the efficiency of water consumption in arid regions.

"The current changes with regard to the replacement of LIBOR and the very individually designed sustainability criteria have made the transaction particularly attractive", Clemens Niedner explains the challenges of the mandate.

Symrise is a leading global supplier of fragrances and flavours, cosmetic base and active ingredients as well as functional ingredients and is listed on the German MDAX.

 

Legal advisors to the lenders:
Taylor Wessing: lead Clemens Niedner (partner), Jacqueline Arbogast (senior associate), Yasaman Zargar (associate), all Banking and Finance, all Frankfurt am Main, Prof. Dr. Jens Escher (partner, Düsseldorf), Dr. Philipp Weiten (associate, Düsseldorf) all Tax.

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Pen close up
Banking & finance

Taylor Wessing advises Encavis AG on a sustainability-linked EUR 125,000,000 syndicated facility

23 August 2021

by multiple authors

Click here to find out more
Close-Up Of Modern Office Facade
Banking & finance

Taylor Wessing advises Borromin Capital on the financing of the acquisition of Little John Bikes

14 June 2021

by Ulf Gosejacob and Jacqueline Arbogast

Click here to find out more
Layers of contemporary financial skyscrapers
Banking & finance

Taylor Wessing advises Hillebrand on the takeover of Braid

4 November 2020

by multiple authors

Click here to find out more