Kellerhals Carrard with Spitäler Schaffhausen on credit facilitiy agreements

Kellerhals Carrard advised Spitäler Schaffhausen (as borrower) on a customized financing transaction including a subordinated credit agreement of CHF 60 million with the Canton Schaffhausen and a credit facility agreement of CHF 100 million with a banking syndicate led by Zürcher Kantonalbank as Agent. The credit facilities can be drawn in stages.

The voters of the Canton of Schaffhausen had already approved the cantonal credit for the development of the cantonal hospital in a popular vote in 2025 with a vast majority. The transaction allows Spitäler Schaffhausen to finance the renewal and development of its hospital facilities.

The Kellerhals Carrard team

The Kellerhals Carrard team included partner Luca Bianchi (banking & finance, pictured), senior associate Kevin MacCabe (banking & finance), partner Angelica Schwarz (tax), partner Christoph Jäger (construction and real estate) and counsel Thomas Geiger (public sector).