Clearwater has advised on an amendment agreement for H&R GmbH & Co. KGaA (H&R) one of the leading German oil derivatives production and trading companies.
The amendment agreement provides for significant further headroom under the syndicated loan agreement and various investment loans in total of more than €300m. It also caters for additional buffer in relation to potentially increasing oil prices.
The H&R Group, together with its associate companies, forms a worldwide network of refineries and speciality production plants for white oil, wax emulsions, paraffin waxes, softeners and many other products.
