Baker McKenzie advised the lenders on the successful refinancing of the LINDAL Group. The lenders were led by Commerzbank as documentation agent. The purpose of the new loans is, amongst other purposes, to refinance the existing syndicated credit facilities. The financing is provided by a syndicate of six banks.
Baker McKenzie advised on all legal aspects of the transaction.
Hamburg-based LINDAL Group is a global leader in the development, manufacture and distribution of valves, spray heads and spray caps applied in aerosol products in various sectors such as cosmetics, household, pharmaceutical, food and technical industries.
"This transaction was once again good proof that all parties involved can work towards a common goal without losing sight of their own interests. The cooperation with Commerzbank and the other lenders as well as LINDAL and their advisors was, as usual, highly professional and pleasant. We would like to thank our client for the trust they have placed in us," says Matthias Töke, Partner at Baker McKenzie.
Baker McKenzie, with over 70 offices in more than 40 countries worldwide, advises both lenders and borrowers on national and cross-border syndicated loans. Together with our clients, we develop innovative financing structures and facilitate commercially customized solutions tailored to our clients' individual requirements.
Legal advisor to financing banks: Baker McKenzie
Lead: Banking & Finance: Matthias Töke (partner, Frankfurt)
Team: Banking & Finance: Kieran Verdano (associate, Frankfurt)
In addition, Baker McKenzie offices in London (Anthony Kay, partner), Paris (Gonzague Basso, partner, and Yasmina Belahcen, associate) and Brussels (Michael van Acker, partner, and Elvis Musema, associate) were involved in the transaction.