Milbank LLP advised Unicredit Bank AG and ING Bank, a branch of ING-DiBa AG, on the comprehensive refinancing of Oiltanking GmbH and Oiltanking Finance B.V. The new syndicated loan financing comprises various term loans and a revolving credit line and has a total volume of €1.5 billion.
Oiltanking GmbH is a subsidiary of Marquard & Bahls AG, a Hamburg-based company active in the supply, trade and logistics of energy and chemicals. Oiltanking is one of the world's leading independent providers of petroleum, chemical and gas storage services. The company owns and operates 65 tank terminals in America, Europe, the Middle East, Africa and the Asia-Pacific region including China and India. Oiltanking has a total capacity of 20 million cubic meters.
The Milbank team led by partner Thomas Ingenhoven advised Unicredit Bank AG and ING Bank, a branch of ING-DiBa AG, comprehensively on the refinancing.
Advisor to Unicredit Bank AG and ING Bank, a branch of ING-DiBa AG: Milbank LLP
Thomas Ingenhoven (lead), Gerrit Merkel (both Finance, Frankfurt), Thomas Kleinheisterkamp and Yasmin Holm (both Tax, Munich).
