P+P advises the Bader Group on refinancing

P+P Pöllath + Partners advised the Bader Group in connection with the refinancing of its existing bank financing. The new banking syndicate is made up of Baden-Württembergische Bank, a legally dependent institution of Landesbank Baden-Württemberg, Bremer Kreditbank Aktiengesellschaft, Commerzbank Aktiengesellschaft, Sparkasse Ulm and Volksbank Ulm-Biberach eG. As arrangers served the Bremer Bank Aktiengesellschaft and the Landesbank Baden-Württemberg, which also has taken over the functions of an agent as well as security trustee.

With more than 700 employees, Bader GmbH, headquartered in Senden, Bavaria, is one of Germany's largest manufacturers of machine casings, large and compact cabins, special tanks, electrical cabinets, control panels, special housings and special solutions.

P+P Pöllath + Partners advised the Bader Group on the refinancing, including on corporate and finance aspects, with the following interdisciplinary team:

• Dr. Frank Thiäner (lead, partner, corporate, Munich)
• Dr. Jens Linde (counsel, finance, Frankfurt)
• Michael Schuhmacher (senior associate, finance, Frankfurt)

Robert Schick, CEO / CFO of the Bader group, organized the refinancing.

Andreas Diem (partner), Nicole Beyersdorfer (associate) and Paulina Zulawski (legal analyst, all finance) of Latham & Watkins served as advisors for the banking syndicate.