Noerr advises Commerzbank AG as mandated lead arranger and other lenders on refinancing for DEUTZ AG

Under the remit of our Frankfurt partners Nikolai Warneke, Alexander Schilling and senior associate Martina Buller, Noerr has advised Commerzbank AG as mandated lead arranger and other lenders on the refinancing of the global group financing for DEUTZ AG.

The new syndicated credit facilities agreement for DEUTZ AG provides for increased commitments from an amount of €160 million to €250 million. In addition to an ESG link, the new credit terms include improved conditions for DEUTZ AG and an extended term of the facilities.

Commerzbank AG is the leading bank for the German Mittelstand and a partner for around 28,000 corporate client groups and approximately 11 million retail and business customers in Germany.

DEUTZ AG is a listed corporation and one of the world’s leading independent manufacturers of innovative drive systems for off-highway applications. Its current portfolio ranges from diesel and gas engines to hybrid, all-electric, and hydrogen drives. Founded in 1864, DEUTZ is now the world’s oldest engine company.

Noerr managed the transaction as lead counsel and was assisted by partner law firms Squire Patton Boggs (UK) LLP in Spain and Bernstein Shur for US law.

Advisors to Commerzbank AG: Noerr Partnerschaftsgesellschaft mbB

Lead: Nikolai Warneke (partner), Alexander Schilling (partner, both Banking & Finance, Frankfurt)

Banking & Finance
Martina Buller (senior associate), Sokorei Omar (associate, both Banking & Finance, Frankfurt)

Spain: Squire Patton Boggs (UK) LLP (law firm), Pablo Rodriguez (partner), Diego de Egea Menéndez (associate)

US law (Delaware): Bernstein Shur (law firm), Ian Green (associate)