Case Studies

€ 200 million syndicated loan for H&R GmbH & Co. KGaA

Since 1919, the name Hansen & Rosenthal has been a byword for the highest quality in specialty chemicals as well as in the development and manufacture of crude oil-based chemical and pharmaceutical specialty products. The secret of its success has always been its strong customer focus and systematic approach to enhancing the brands and products.

Since 1919, the name Hansen & Rosenthal has been a byword for the highest quality in specialty chemicals as well as in the development and manufacture of crude oil-based chemical and pharmaceutical specialty products. The secret of its success has always been its strong customer focus and systematic approach to enhancing the brands and products.

Since 1919, the name Hansen & Rosenthal has been a byword for the highest quality in specialty chemicals as well as in the development and manufacture of crude oil-based chemical and pharmaceutical specialty products. The secret of its success has always been its strong customer focus and systematic approach to enhancing the brands and products.

Within the scope of this transaction, NORD/LB performed the function of the coordinating mandated lead arranger and bookrunner and also acted as the documentation agent.

First €70 million promissory-note-driven housing-construction transaction complete

Wohnungsbaugesellschaft Magdeburg (WOBAU) is the largest landlord of residential and commercial space not only in the regional capital of Magdeburg, but also the whole of Saxony-Anhalt. As a municipal company, WOBAU’s remit is to provide socially adequate residential space for a large part of the population through construction and real-estate activity.

In 2016, the company turned over €100.4 million and generated an EBITDA of €38 million. The promissory note is to enable refinancing and investment finance for the design of the cathedral quarter in Magdeburg.
Because of its longstanding business relationship and after an intensive phase of corporate finance consultancy, NORD/LB secured the mandate as sole arranger for placement of the first WOBAU promissory note transaction. Given its municipal background (the sole shareholder in WOBAU is the city of Magdeburg), Stadtsparkasse Magdeburg was involved in this transaction as “premium partner”, although it is only acting as an investor. NORD/LB is participating with a contribution of €3 million incl. yield-enhancing refinancing (Lettre de Gage) via NORD/LB Luxembourg S.A. Covered Band Bank.

€ 135 m Schuldscheindarlehen (bonded loan) arranged for Montana Tech Components GmbH

In autumn 2016, NORD/LB together with a banking consortium arranged a Schuldscheindarlehen (SSD) with a volume of € 135 m and, therefore, the fourth very successful transaction of this type.

The SSD is for general corporate financing purposes and the refinancing of existing loans.

Montana Tech Components GmbH acts as a financing and management company for the Montana Tech Group. The 100% shareholder of MTC is the Montana Tech Components AG, which was founded in 2006. The Montana Tech Group is a technology-oriented industrial group and has a broadly diversified business model that is divided into four operating divisions: Aerospace Components, Metal Tech, Energy Storage (VARTA AG) and Industrial Components. Overall, the group commands leading market positions in fast-growing markets and focuses on key technologies. In view of its wide diversification MTC has only a low degree of cyclicality.

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