BENTELER Secures €2 Billion Refinancing with White & Case Expertise
Deal News | Jul 04, 2025 | White & Case LLP
White & Case LLP, a global law firm, successfully advised the Austrian BENTELER Group on a comprehensive €2 billion refinancing of the Group's existing liabilities. This strategic financial operation includes securing a €1 billion term loan A, a €400 million revolving credit facility, and issuing a €600 million high yield bond set at an interest rate of 7.25% per annum, maturing in 2031. The refinancing was strategically significant for BENTELER Group, known for its global supply in the automotive, energy, and machinery sectors, enabling it to fully repay its liabilities from its 2023 financing. The transaction was a collaborative effort led by several partners and associates from White & Case's Frankfurt and Berlin offices.
Sectors
- Automotive
- Energy
- Machinery
- Financial Services
- Legal Services
Geography
- Austria – BENTELER Group is headquartered in Austria, making it a central geography for this transaction.
- Germany – White & Case's legal team involved in the transaction is primarily based in Germany, particularly in Frankfurt and Berlin.
Industry
- Automotive – BENTELER Group is a global supplier in the automotive sector, which is crucial in the context of this refinancing deal.
- Energy – The energy sector is a significant part of BENTELER Group's operations, influencing its financial strategies such as the current refinancing.
- Machinery – BENTELER Group's involvement in the machinery sector demonstrates the diversity of its operations and the need for strategic refinancing.
- Financial Services – The refinancing process itself is a complex financial service, involving loans, credit facilities, and bond issuance.
- Legal Services – White & Case LLP provided legal advisory services for the refinancing transaction.
Financials
- €2 billion – Total amount involved in BENTELER Group's refinancing.
- €1 billion – Amount raised with a term loan A in the refinancing deal.
- €400 million – Amount raised with a revolving credit facility.
- €600 million – Amount raised through a high yield bond with an interest rate of 7.25% per annum, maturing in 2031.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BENTELER Group | Target Company | Company | A global supplier in the automotive, energy, and machinery sectors, undergoing a €2 billion refinancing. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising BENTELER Group on its €2 billion refinancing. |
| Vanessa Schrmann | Lead Legal Partner | Person | Partner at White & Case LLP, leading the advising team on the BENTELER refinancing. |
| Rebecca Emory | Legal Partner | Person | Partner at White & Case LLP, involved in advising on the refinancing transaction. |
| Gernot Wagner | Legal Partner | Person | Partner at White & Case LLP, involved in advising on the refinancing transaction. |