Freshfields advised on the restructuring of Webasto
Freshfields advised on the restructuring of Webasto
Global Leading Law firm Freshfields advised the core banks of Webasto SE, led by the coordinating banks Bayerische Landesbank and UniCredit, as well as European Investment Bank, on the successful financial restructuring of the Webasto group.
Webasto is a leading global ai automotive supplier operating in the roof, thermo, and battery segments. The group has sites across several European countries as well as in India, China, Mexico and the United States.
The complex transaction involved an extension of the maturities of the existing approx. €1.2bn, partly state-guaranteed, loans as well as a €200m new money credit line provided by a subset of lenders in exchange for a comprehensive security package as well as the establishment of a dual-purpose trust agreement over the shares in Webasto SE. Christoph Morgen and Jan Markus Plathner were appointed as trustees. In addition, holders of promissory notes extended the maturities of the promissory notes accordingly and customers of the Webasto group committed to contributions required for the restructuring.
The core team included Counsel Nina Heym (Finance/Restructuring and Capital Solutions, Frankfurt), Associates Sam Rigney (Restructuring and Capital Solutions, London), Alexander Bräuer (Finance, Frankfurt), Benedict Kebekus and Andreas Aigner (both Restructuring and Capital Solutions, Hamburg) and Leif-Magnus Wishöth (Finance, Frankfurt). Corporate advice was provided by Partner Simon Schwarz (Frankfurt/Hamburg).
The Freshfields team was led by Frank Laudenklos (Partner), Marvin Knapp (Partner), and Hannes Butz (Associate).
Specialist tax law advice was provided by Alexander Schwahn (Partner), Andreas von Bonin (Partner), and Fabienne Gieshoidt (Associate), Leon Liekefett (Associate), Philipp Baschenhof (Associate), and Uwe Salaschek (Counsel).
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.
