The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium on the refinancing of the existing credit facilities agreement of DYWIDAG Systems International (DSI) Group. The new group financing facilities comprise two independent syndicated loan agreements for the construction and the underground parts of the group and has a total volume of around 245 million Euro. The complex separation of the financing for the two sub-groups with numerous foreign jurisdictions took place in connection with the acquisition of the Australian Fero Group by DSI Underground. The financing consortium consists of eleven banks.

DSI is an international technology group and market leader in the development, production and distribution of systems and products for the construction industry. DSI has 2.100 employees and offers, among other products and services, geotechnical products and tensioning and stay cable systems.

A Milbank team led by partner Thomas Ingenhoven advised the banking consortium in relation to the refinancing.

Advisor to banking consortium: Milbank, Tweed Hadley & McCloy LLP

Dr. Thomas Ingenhoven (lead), Dr. Nikolas Koutsós, Thomas Möller (all Finance Frankfurt), Michael Bellucci (Finance New York), Joseph Richmond (Finance London).

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