Clifford Chance Advised Lenders On Refinancing And Increase Of The Existing Capex Facility For Ferngas Group
Clifford Chance Advised Lenders On Refinancing And Increase Of The Existing Capex Facility For Ferngas Group
Global law firm Clifford Chance has advised the lenders in connection with the refinancing and increase of the existing capex facility for Ferngas Group, a group within the Versicherungskammer Group. The lenders include ING Belgium SA/NV, Landesbank Hessen-Thüringen Girozentrale, KfW IPEX-Bank GmbH, ING Bank N.V., London Branch as facility agent, Deutsche Bank Luxembourg S.A. as security agent, and intercreditor agent.
The new credit facilities amount to a total volume of €445 million and are intended for future investments, including in hydrogen infrastructure.
The Ferngas Group operates, as a combined network operator, a gas transmission and distribution network in various regions of Germany.
The Clifford Chance team for the lenders comprised Florian Mahler (Partner, Düsseldorf), Georg Lübbehüsen (Counsel, Frankfurt), and Rima Lenders (Senior Transaction Lawyer, Düsseldorf).
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