Baker McKenzie advised Santander Consumer Group on the deal.
Notes with an initial aggregate principal amount of €500 million secured by PBD Germany Auto Loan 2021 UG (haftungsbeschränkt) receivables were issued with the possibility to issue additional notes of up to €858 million in total. The originator of the receivables is PSA Bank Deutschland GmbH, a joint venture between the German captive financing arm of Stellantis and a German Santander Consumer entity.
The Baker McKenzie team was led by Partner Sandra Wittinghofer (Picture), and also included Banking & Finance: Sarah Porter (Partner, London), Jeremy Levy (Partner, London), Marta Zuliamis (Senior Associate, Frankfurt), Stefanie Lim (Senior Associate, London), Sarah de Villers (Associate, Luxembourg); Tax: Stephan Behnes (Partner, Frankfurt), Christoph Becker (Partner, Frankfurt), Jochen Meyer-Burow (Partner, Frankfurt).
Involved fees earner: Christoph Becker – Baker McKenzie; Stephan Behnes – Baker McKenzie; Sarah de Villers – Baker McKenzie; Jeremy Levy – Baker McKenzie; Stefanie Lim – Baker McKenzie; Jochen Meyer-Burow – Baker McKenzie; Sarah Porter – Baker McKenzie; Sandra Wittinghofer – Baker McKenzie; Marta Zuliamis – Baker McKenzie;
Law Firms: Baker McKenzie;
Clients: Santander Consumer Bank AG;