Heidelberger Druckmaschinen’s €320 Million amended and extended credit facility


White & Case LLP has advised Deutsche Bank Luxembourg, as agent, on the amendment and extension of the existing secured credit facility for Heidelberger Druckmaschinen AG.

The total commitments were increased to €320 million and the maturity extended for five years, in addition to other extensive adjustments to the documentation. The facility will support Heidelberger Druckmaschinen’s day-to-day operations and provide strategic support for the further expansion of its digital business models, including a new subscription business.

Heidelberger Druckmaschinen AG designs, manufactures, and markets commercial printing presses, dryer and ink systems, peripherals, and paper and document handling machinery used to bind, fold, and insert materials. The company, led by Rainer Hundsdoerfer, Dirk Ronald Kaliebe and Stephan Plenz, in 2017 recorded €2.524 Billion Revenues.

The White & Case team which advised on the transaction was co-led by partner Thomas Flatten (Picture) and local partner Matthias Bochum (Hamburg), and included local partner Matthias Grigoleit, counsel Beate Treibmann, associate Max Sergelius (all Hamburg) and transaction lawyer Ewa Trochimiuk (Frankfurt). Lawyers from the White & Case offices in Hong Kong, London, Los Angeles, New York, Paris, Singapore and Tokyo also advised on the transaction.

Involved fees earner: Thomas Flatten – White & Case; Matthias Bochum – White & Case; Matthias Grigoleit – White & Case; Beate Treibmann – White & Case; Max Sergelius – White & Case;

Law Firms: White & Case;

Clients: Deutsche Bank Luxembourg;