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Allen & Overy advises STADA on EUR 350 million Schuldschein loans

27 April 2016

Allen & Overy LLP has advised STADA Arzneimittel AG on the successful raising of new Schuldschein loans with a total volume of EUR 350 million. STADA will refinance existing Schuldschein loans in the total amount of EUR 188 million expiring in December 2016 with the proceeds from the new Schuldschein loans.

 
The Schuldschein loans with fixed and variable interest rates are split into four tranches, their maturities range between five and seven years. 
 
On the banking side, the transaction was arranged by Landesbank Hessen-Thüringen Girozentrale and Landesbank Baden-Württemberg.
 
In-house, STADA was advised by Dr. Manfred Anduleit and Jan Schnabel.
 
The Allen & Overy team comprised partner Christoph Enderstein and associates Christoph Pohl and Sandra Ziener (all International Capital Markets, Frankfurt).
 
The Debt Capital Markets team led by Frankfurt partner Christoph Enderstein regularly advises in connection with capital market transactions by STADA, most recently in connection with a corporate bond in April 2015.
The team advises both investment banks and issuers in connection with domestic and international capital market transactions, in particular on bonds, Pfandbriefe, securitised derivatives, structured notes, hybrid instruments, Schuldscheine, registered bonds and debt issuance programmes as well as all related regulatory issues.
 
In 2015, Allen & Overy's German debt capital markets team led by Christoph Enderstein for the first time topped the recently published Thomson Reuters rankings (Capital Markets Legal Advisors League Tables, Germany) in the International Bonds segment for the full year 2015, both for advice to investment banks and advice to issuers, based on the number of transactions worked on.

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