Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 10-04-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Durr AG - Issuance of Bonds due 2021 | Industry: | Industrial Engineering |
| Description: |
Clifford Chance advised a banking consortium of Deutsche Bank, HSBC, Commerzbank, LBBW and UniCredit on a EUR 300 million bond issue by Durr AG.
The bond matures in 2021 and the coupon is 2.875%.
Durr is a global leader in plant engineering and construction. It generates more than 80% of its turnover from business with the car industry, but also supplies the aviation industry, the mechanical engineering sector and chemical and pharmaceutical companies. It has more than 50 sites in 24 countries and employs around 8,200 people and generated EUR 2.4 million in turnover in 2013.
The Clifford Chance team comprised partner Sebastian Maerker and senior associate Dr. Felix Biedermann (both Banking & Capital Markets, Frankfurt).
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| Financial Center: | Frankfurt | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Germany | Listing Jurisdiction | Germany |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Sebastian Maerker |
