Allen & Overy advises Daimler on 18 billion euro syndicated loan in connection with the spin-off of Daimler Truck business
Related people
Headlines in this article
Related news and insights
News: 03 April 2024
Allen & Overy’s Scott Cockerham on tax insurance in green energy credit deals
News: 26 March 2024
Allen & Overy advises lenders on Germany’s first land-based terminal for liquefied gases
News: 21 March 2024
Allen & Overy advises arrangers on takeover of Encavis by KKR
Publications: 13 March 2024
The funding serves to secure financial flexibility as well as to cover financing needs of the new Daimler Truck Group. It includes, amongst others, a revolving credit line and a bridge facility.
The international banking syndicate includes, but is not limited to BNP Paribas, Citibank N.A. (London Branch), Deutsche Bank AG and J.P. Morgan AG as coordinators, bookrunners and mandated lead arrangers, with Deutsche Bank Luxembourg S.A. acting as facility agent and Deutsche Bank Trust Company Americas as swingline agent.
Legal advice on the syndicated facilities was coordinated by the responsible Daimler in-house legal team, consisting of Patrick Schwarz and Dr. Alexandra Lindemeier (both Daimler AG Legal Corporate Finance, Stuttgart).
The team of Allen & Overy was jointly led by partner Dr Walter Uebelhoer and counsel Dr Ilja Baudisch (both banking & finance, Munich) and included lawyers from Allen & Overy in the Netherlands and the US. Local law advise on Canadian law was provided by Gowling WLG.