Heuking Kühn Lüer Wojtek Advises Vetter on EUR 210 Million Refinancing
May, 2017 - Germany
With a Frankfurt-based team led by partner Thomas K. Schrell, the business law firm of Heuking Kühn Lüer Wojtek comprehensively advised Vetter on a EUR 210 million refinancing transaction. The bank consortium consists of BNP Paribas, Commerzbank, DZ BANK, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale, and SEB AG. The revolving credit line has a maturity of five years, with a two-year extension option of one year each. In addition to the repayment and refinancing of existing financial liabilities, the financing purpose is the funding of the group's general investment needs and thus the support of planned further growth in the coming years.
Vetter is a leading global pharmaceutical service provider for the development, manufacture, and packaging of aseptically pre-filled injection systems. The company is headquartered in Ravensburg and employs some 4,100 people at several German and three foreign sites in the USA (Chicago), Japan, and Singapore. In addition to small and medium-sized companies, the customer base also includes the top 10 of the world's largest pharmaceutical and biotech companies.
