Milbank Advises Schülke on Inaugural Term Loan B Financing

Milbank LLP advised Schülke & Mayr (“schülke”) on its successful inaugural term loan B financing, having sparked strong investor demand. The financing includes an upsized €525 million facility B and a €100 million revolving credit facility. The proceeds were used to refinance schülke's existing unitranche debt and to strengthen the company's balance sheet, thereby further contributing to its solid foundation for continued growth.

Schülke is a Germany-based manufacturer of antiseptic and disinfectant products, primarily supplying hospitals and other healthcare institutions, but also selling products via its over-the-counter channel to consumers. The company operates globally and holds market-leading positions in the DACH region.

The Milbank team which advised schülke on this transaction was led by partners Suhrud Mehta (London) and Thomas Ingenhoven (Frankfurt) and included special counsel Gerrit Merkel (Frankfurt) as well as associates Natasha Cacela, Madeleine Long, Eve Murphy (all London), Adrian Müller-Achenbach and Robin Braun (both Frankfurt, all Finance). Tax advice was provided by partner Thomas Kleinheisterkamp and associate Christoph Wolf (both Tax, Munich).