Milbank LLP has advised Hensoldt AG on the "amend and extend"-transaction of its existing €990 million syndicated facilities agreement, effecting a prolongation and repricing of the facilities and a reshuffle on the lenders' side, including replacement of certain debt funds lenders with new bank lenders.
Hensoldt AG is a pioneer of technology and innovation for defence and security electronics, based in Taufkirchen near Munich with more than 6,300 employees, generating revenues of €1.47 billion in 2021.
As a technology leader, Hensoldt AG also continuously expands its Cyber portfolio and develops new products to combat a wide range of threats based on innovative approaches to data management, robotics and cybersecurity.
The Milbank deal team was led by Finance partner Thomas Ingenhoven and included associate Thomas Möller (both Frankfurt), Finance partner Sarbajeet Nag (London), Tax partner Thomas Kleinheisterkamp (Munich) and Finance associates Philipp Engel (London), Lara Milione and Sebastian Trompler (both Frankfurt).
