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Allen & Overy advises Asklepios Kliniken on EUR 580 million Schuldschein loan

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Uebelhoer Walter
Dr Walter Uebelhoer

Partner

Munich

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Nollmann Jens
Jens Nollmann

Counsel

Frankfurt am Main

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02 September 2015

Allen & Overy advised Asklepios Kliniken GmbH in connection with the issue of a Schuldschein loan with an issue volume of EUR 580 million.
With this loan, the clinic operator secured favourable long-term conditions for the company's further financing. Driven by strong demand, the issue was oversubscribed several times so that the originally intended issue volume of EUR 200 million was stepped up to a total of EUR 580 million. It is the biggest financing transaction in the 30-year history of the Asklepios Group and probably the largest ever Schuldschein issue in the German hospital sector.

Allen & Overy previously advised Asklepios on various corporate financings: for example in 2013 in connection with a EUR 300 million Schuldschein loan and a EUR 325 million syndicated facility.

The Allen & Overy team comprised partners Dr. Neil George Weiand (Frankfurt), Dr. Walter Uebelhoer (Munich, both banking and finance), Christoph Enderstein, counsels Michael Becker and Jens Nollmann (all capital markets) and associate Dr. Alexander Schilling (banking and finance, all Frankfurt).