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Allen & Overy advises BMW Group on EUR 8 billion syndicated facility

Allen & Overy LLP has advised BMW Group on a EUR 8 billion syndicated revolving credit facility. The facility has a term of five years and two one-year extension options.

The transaction was led by BNP Paribas S.A. as Documentation Agent, Coordinator, Mandated Lead Arranger and Bookrunner and Citibank, N.A., London Branch and Deutsche Bank AG as Coordinators, Mandated Lead Arrangers and Bookrunners. In total, 43 international and regional commercial banks from Europe, America and Asia were involved in the transaction. With this new transaction, the BMW Group has replaced the existing syndicated credit facility of EUR 8 billion signed in 2017.

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is one of the world's leading premium manufacturers of automobiles and motorcycles. The BMW Group has a production network comprising over 30 production sites worldwide and sold approx. 2.4 million passenger vehicles and more than 202,000 motorcycles worldwide in 2022.

The Allen & Overy team was led by partner Dr Walter Uebelhoer and senior associate Dr Rauni Ahammer (both Banking and Finance, Munich) and also included partner Dr Heike Weber (Tax, Frankfurt), associates Dr Laura Frömel (Banking and Finance, Munich) and Dr Manuel Köchel (Tax, Frankfurt) as well as colleagues from Allen & Overy's Amsterdam office.