PRESS RELEASE
15 May 2023

Schoenherr Advises Banks On Financing For Wiener Stadtwerke

SA
Schoenherr Attorneys at Law

Contributor

We are a full-service law firm with a footprint in Central and Eastern Europe providing local and international companies stellar advice. As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.
Schoenherr, together with Linklaters, advised UniCredit Bank Austria as sole coordinator, documentation agent, bookrunner and mandated lead arranger, ING Bank NV...
Austria

Schoenherr, together with Linklaters, advised UniCredit Bank Austria as sole coordinator, documentation agent, bookrunner and mandated lead arranger, ING Bank NV as facility agent, Erste Group Bank AG, Raiffeisenbank International AG and Commerzbank AG as bookrunners and mandated lead arrangers as well as other banks on the revolving syndicated facility for Wiener Stadtwerke GmbH. Wiener Stadtwerke's debut in the international syndicated loan market was significantly oversubscribed compared to the target volume of EUR 1.7bln.

"We are pleased that we were able to advise the participating banks on this extremely important financing and thus to find an optimal solution for Wiener Stadtwerke," said partner Martin Ebner.

The new credit facility serves to finance general corporate purposes and is available to Wiener Stadtwerke also for very short-term liquidity requirements, if necessary. The banking syndicate includes a total of eight domestic and international lenders.

The Schoenherr team consisted of Martin Ebner (partner), Mate Kovacs (attorney at law) and Nikolaus Müllner (associate). The Linklaters team consisted of Michal Hlásek (partner), Dr Lasse Petersen (associate) and Martin Reschke (associate).

PRESS RELEASE
15 May 2023

Schoenherr Advises Banks On Financing For Wiener Stadtwerke

Austria

Contributor

We are a full-service law firm with a footprint in Central and Eastern Europe providing local and international companies stellar advice. As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.

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