Taylor Wessing has advised listed space and technology group OHB SE on the early refinancing and restructuring of its existing syndicated credit facilities. The new facility amounts to EUR 350 million and provides for a five-year maturity with two extension options of one year each.
The refinancing was implemented with a broad syndicate of relationship and new lenders and replaces the existing syndicated facilities ahead of maturity. In addition to increasing the overall volume, the transaction involved the optimisation of key contractual parameters – all aimed at supporting OHB SE’s continued strategic growth.
Taylor Wessing advised OHB SE on all legal aspects of the refinancing under the leadership of Frankfurt-based Banking & Finance partners Clemens Niedner and Dr. Michael Beyer.
“We are delighted to make a small contribution to the continued growth of OHB SE with our legal advice – and thus help shape the future of European space travel,” says Clemens Niedner, Partner at Taylor Wessing.
Legal advice to OHB SE
Taylor Wessing: Joint lead Clemens Niedner (partner) and Dr. Michael Beyer (salary partner), as well as Victoria Theresa Meyer, LL.M. (associate) – all Banking & Finance, Frankfurt.
In-house: Kurt Melching (CFO), Janina Stein (Director Corporate Finance and Accounting), and Laura Lißner-Hölschermann (Corporate and Legal Affairs)
Debt Advisor: Herter & Co. GmbH
Legal advice to the banking syndicate: Team at Freshfields led by Dr. Michael Josenhans and Nina Heym
