Milbank LLP has advised KAEFER SE & Co. KG ("KAEFER") on a comprehensive refinancing of the Group's existing capital market and loan liabilities.
The new EUR 650 million financing was used to refinance the existing Group financing. The new syndicated financing, which will also include an ESG component for the first time, consists of a bullet and a revolving credit line as well as a guarantee line and has a term of three years with two extension options. It is provided by a consortium of 13 banks, which includes all existing banks as well as a new bank.
KAEFER was founded in 1918 and has grown to become the world's leading provider of technical industrial services in the industrial, marine, offshore and construction sectors with more than 30,000 employees and generated revenues of approximately EUR 2 billion in the fiscal year 2022.
The Milbank team that advised KAEFER on the financial and tax aspects was led by partner Thomas Ingenhoven (Finance) and included partner Thomas Kleinheisterkamp (Tax) and associates Thomas Möller, Sebastian Trompler and Lara Milione (Finance).
