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May 8, 2019

Milbank Advises Banking Consortium on Refinancing of K+S AG

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The international law firm Milbank LLP advised a banking consortium led by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale on the refinancing of the existing credit facilities agreement of K+S AG. The new syndicated loan financing comprises a term loan and a revolving credit line with a volume of approximately one billion euros. The financing bank consortium consists of 12 banks.

K+S AG, a listed company based in Kassel, is a leading supplier of mineral products for agriculture, industry, consumers and municipalities. The company has about 15,000 employees and production facilities in Europe, North and South America as well as a worldwide distribution network.

The Milbank team led by Dr. Thomas Ingenhoven advised the bank consortium comprehensively on the refinancing.

Advisor to banking consortium: Milbank LLP

Thomas Ingenhoven (lead, Finance, Frankfurt), Thomas Kleinheisterkamp (Tax, Munich), Odilo Wallner, Michael Henn, Achim Rohr (all Finance, Frankfurt), Yasmin Holm (Tax, Munich).