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Osram extends credit facility in the amount of EUR 950 million

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Uebelhoer Walter
Dr Walter Uebelhoer

Partner

Munich

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24 February 2015

Allen & Overy LLP has advised lighting manufacturer Osram on the restructuring of its liabilities.
Its existing revolving credit facility in the amount of EUR 950 million was extended early until 2020 on considerably more favourable terms. The credit facility is part of a syndicated loan with an aggregate amount of EUR 1.25 billion which Osram had been granted prior to its spin-off from the Siemens Group. A term loan agreed at the same time has already been repaid. 

The Allen & Overy team comprised partner Dr. Walter Uebelhoer and associate Maximilian Mayer (both banking and finance, Munich). 

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