ALD AutoLeasing’s €400 Million Securitization

White & Case LLP has advised ALD AutoLeasing D GmbH on the deal. Ashurst advised Société Générale.

The listed notes, consisting of a securitization of leasing receivables with a volume of more than €400 million, were issued by Luxemburg-based Red & Black Auto Lease Germany 3 S.A. and rated by S&P and Moody’s. Société Générale S.A. acted as arranger and lead manager.

ALD Autoleasing D GmbH is an automotive company based out of 95Nedderfeld, Hamburg, Hamburg, Germany.

The White & Case team in Frankfurt which advised ALD AutoLeasing D on the transaction was led by partner Dennis Heuer (Picture) and included local partner Carsten Lösing, counsel Alexander Born and associates Claire-Marie Mallad and Alexander Kreibich.

The Ashurst team led by partner Dr Martin Kaiser comprised senior associate Dr Sahra Demirbilek, senior associate Stephan Lehnen and associate Maximilian Kamm (all Global Markets) as well as partners Dr Anders Kraft (Tax), Dr Andreas Mauroschat (Data Protection) and Dr Detmar Loff (Financial Regulatory, all Frankfurt). London-based partners Thomas Picton and James Coiley (both Global Markets) advised on aspects of English law in relation to the interest rate derivatives.

Involved fees earner: James Coiley – Ashurst; Sahra Demirbilek – Ashurst; Martin Kaiser – Ashurst; Maximilian Kamm – Ashurst; Anders Kraft – Ashurst; Stephan Lehnen – Ashurst; Detmar Loff – Ashurst; Andreas Mauroschat – Ashurst; Thomas Picton – Ashurst; Alexander Born – White & Case; Dennis Heuer – White & Case; Alexander Kreibich – White & Case; Carsten Lösing – White & Case; Claire-Marie Mallad – White & Case;

Law Firms: Ashurst; White & Case;

Clients: ALD Autoleasing D; Société Générale;