MAHLE Completes €300 Million Senior Notes Private Placement

Deal News | Jul 15, 2025 | White & Case LLP

In a significant financial maneuver, MAHLE GmbH has successfully completed a private placement amounting to €300 million of senior notes due in 2032. This transaction is notable for the concurrent tender offer aimed at acquiring a portion of its outstanding bonds, due in 2028, which originally had a value of €750 million at a coupon rate of 2.375%. The new issuance bears a fixed coupon of 7.125% and is traded on The International Stock Exchange. The advisory mandate for this transaction was handled by the Frankfurt team of global law firm White & Case LLP, led by partner Rebecca Emory, with significant contributions from a team of partners and associates.

Sectors

Automotive
Legal Services
Finance

Geography

Germany – MAHLE GmbH is a German company, and the advising law firm White & Case LLP has its involved team based in Frankfurt.
Global – The bonds are listed on The International Stock Exchange, which implies a global investor base.

Industry

Automotive – MAHLE is an automotive parts manufacturer, hence the deal impacts this sector primarily.
Legal Services – White & Case LLP provided legal advisory services for the transaction.
Finance – The transaction involves financial instruments such as bonds and tender offers.

Financials

€300 million – Principal amount of the senior notes issued by MAHLE.
7.125% – Fixed coupon rate of the newly issued senior notes.
€750 million – Original value of MAHLE's outstanding bonds due 2028.

Participants

Name	Role	Type	Description
MAHLE GmbH	Target	Company	An automotive parts manufacturer involved in the private placement of senior notes.
White & Case LLP	Legal Advisor	Company	Global law firm advising MAHLE on the issuance of new senior notes and tender offer.
The International Stock Exchange	Financial Marketplace	Company	The platform where the new bonds are listed.
Institutional Investors	Buyers	Company	Entities involved in purchasing the privately placed notes.