Creditplus Bank’s €1 Billion ABS Securitisation

White & Case LLP has advised Creditplus Bank AG on the deal.

Creditplus Bank AG announced a €1 billion ABS securitisation of consumer auto loans.

The notes are rated by S&P and DBRS Ratings. Crédit Agricole Corporate and Investment Bank and Landesbank Baden-Württemberg acted as Arranger and Manager. The issuer is Retail Automotive CP Germany 2021 UG (haftungsbeschränkt).

Creditplus Bank is a consumer lending specialist in Germany with more than 50 years of experience in sales financing.

The White & Case team which advised on the transaction was led by partner Dennis Heuer (Picture; Frankfurt) and included partner Grégoire Karila (Paris), local partner Peter Becker (Frankfurt), counsel Emmanuel Lebaube (Paris), Alexander Born, Carsten Lösing and Andreas Klein (all Frankfurt), associates Claire-Marie Mallad (Frankfurt) and Charles Linel (Paris) and transaction lawyer Reetu Vishwakarma (Frankfurt).

Involved fees earner: Peter Becker – White & Case; Alexander Born – White & Case; Dennis Heuer – White & Case; Grégoire Karila – White & Case; Andreas Klein – White & Case; Emmanuel Lebaube – White & Case; Charles Linel – White & Case; Carsten Lösing – White & Case; Claire-Marie Mallad – White & Case;

Law Firms: White & Case;

Clients: Creditplus Bank;