Clearwater acted as sole financial adviser to Wieland-Werke AG on the structuring of an unsecured mid-term financing facility with a volume of €350m.
Clearwater was mandated by Wieland-Werke AG to support the Company in developing and implementing a favourable mid-term financing structure. Based on a tailor-made financing concept, Clearwater coordinated a competitive process with several international banks and managed the structuring of a Revolving Credit Facility with a volume of €350m, a tenor of up to seven years and highly favourable credit conditions (in a self-arranged club deal).
The Wieland Group with headquarters in Ulm, Germany, is one of the world’s leading manufacturers of semi-finished products in copper and copper alloys such as strip, sheet, tube and rod as well as special products, for example slide bearings, finned tubes and heat exchangers. As an international group, the Wieland Group has manufacturing companies, slitting centres and trading companies in many European countries as well as in the US, South Africa, Singapore, China and India. The Wieland Group employs some 6,700 people worldwide, 4,300 of them in Germany and generated sales of approximately €2.5bn in the FY 2015/16.
