Kirkland advises lenders on restructuring of LEONI AG’s €750 million RCF facility

Munich — Kirk­land & Ellis has advi­sed the lenders of LEONI AG’s €750 million RCF faci­lity on the German auto­mo­tive supplier’s land­mark restructuring.

The LEONI restruc­tu­ring is by far the largest procee­dings under the German Act on the Stabi­liza­tion and Restruc­tu­ring of Compa­nies (StaRUG) since it came into force in Janu­ary 2021 and a mile­stone in the German restruc­tu­ring landscape.

LEONI is a global provi­der of products, solu­ti­ons and services for energy and data manage­ment in the auto­mo­tive and other indus­tries. The value chain includes wires, opti­cal fibers, stan­dar­di­zed cables, special cables and assem­bled systems as well as intel­li­gent products and smart services.

Advi­sor to lender: Kirk­land & Ellis, Munich

Dr. Marlene Ruf (Photo © Kirk­land & Ellis), Dr. Leo Plank (both lead, both Restruc­tu­ring), Dr. Achim Herfs (Capi­tal Markets), Wolf­gang Nardi, Dr. Alex­an­der M.H. Längs­feld (both Debt Finance), Dr. Michael Ehret (Tax); Asso­cia­tes: Ann-Kath­rin Zieg­ler, Dr. Johan­nes Lappe, Paul Päfgen, Nino Goglidze (all Restruc­tu­ring), Sieg­fried Bütt­ner (Capi­tal Markets), Fabrice Hipp (Debt Finance), David Linne­mann (Tax)

About Kirk­land

Kirk­land & Ellis is one of the leading firms for high-cali­­ber legal services, with appro­xi­m­ately 3,500 lawy­ers in 19 cities in the U.S., Europe and Asia. The Munich team advi­ses with a focus on private equity, M&A, corpo­rate law, capi­tal markets, restruc­tu­ring, finan­cing and tax law. For more infor­ma­tion, please visit www.kirkland.com.