Eversheds Sutherlands advises SSI SCHÄFER on the rearrangement of its financing structure

• Germany

28-10-2022

Eversheds Sutherland has advised Fritz Schäfer GmbH & Co. KG (SSI SCHÄFER), one of the world's leading providers of modular warehousing and logistics solutions, on the structuring and arrangement of a syndicated loan with guarantee facility and a revolving credit facility, with a tenor of up to seven years, which replaces most of the existing bilateral financing lines.

Eversheds Sutherland has advised the company in this self-arranged process at all stages of the transaction including structuring, term sheet drafting and negotiation, selection of bank partners, due diligence, and SFA negotiation. The primary target of the new financing structure was to establish long-term financing security as well as to reduce complexity in the existing financing structure.

With headquarters in Neunkirchen, Germany, SSI SCHÄFER generated revenues of € 1.865 bn in the fiscal year 2021. The company employs approximately 10,000 employees globally, along with seven domestic and international production sites and approximately 70 worldwide operating subsidiaries. SSI SCHÄFER develops and implements innovative industry-specific answers to its customers' unique challenges across six continents. As a result, it plays a key role in shaping the future of materials handling.

SSI SCHÄFER was represented by an Eversheds Sutherland team led by Partner Dr. Alexander Honrath and consisted of Partner Dr. Thomas Freund as well as Teresa Feistle-Bertsch (Professional Support Lawyer, all finance, Munich).

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