We have advised Weig Holding GmbH & Co. KG (WEIG), a leading German producer of cartonboard and carton packaging solutions, on its holistic refinancing of an existing acquisition bridge facility. The long-term financing package entails a syndicated term loan as well as an inaugural revolving credit facility (RCF).
This transaction completes the refinancing process for the acquisition bridge facility associated with the acquisition of Buchmann GmbH last year. The new financing structure allows WEIG to pursue its operational and strategic goals in the upcoming years.
WEIG is a family-owned group of companies, comprising three business units packaging, cartonboard, and recycling. Within its cartonboard division, the group produces recycled cartonboard for the European folding carton market as well as the global plasterboard industry. WEIG is headquartered in Mayen, Germany. With c. 1,800 employees and sales of over €700m, WEIG comprises companies in Germany and South America.
