Global law firm White & Case LLP has advised Barings Global Advisers Limited and Goldman Sachs Private Capital as arrangers, as well as US Bank Trustees Limited as security agent and Elavon Financial Services DAC, UK Branch as agent, on the refinancing of existing liabilities of Cordenka GmbH & Co.KG, Germany.
Cordenka GmbH & Co.KG, the globally leading producer of premium quality industrial rayon, was acquired during 2011 by private equity investor Chequers Capital. The €132.5 million refinancing includes a super senior revolving loan provided by Commerzbank Aktiengesellschaft.
The White & Case team which advised on the transaction was led by partners Jeremy Duffy (London) and Thomas Flatten (Frankfurt), and included partner Colin Harley and associates Richard Lloyd, Greg Baker, Alexis Fong (all London) and Lisa Kirchner (Frankfurt).
The original press release can be found here on Withe&Case website