Homburger Advises Dätwyler in USD 175 m credit facility

Homburger has acted as counsel to Dätwyler Holding and Datwyler Parco Holdings in connection with a Swiss law governed USD 175 m credit facility arranged by UBS Switzerland for the purpose of refinancing certain indebtedness incurred in connection with the acquisition of Q HoldCo, Delaware, by Datwyler Parco Holdings.

Walder Wyss has advised UBS Switzerland as mandated lead arranger, bookrunner, coordinator and agent and the other syndicate banks on the establishment of the USD 175m syndicated credit facility. The bank syndicate consists of UBS Switzerland, Credit Suisse Switzerland. and Zürcher Kantonalbank.

Dätwyler Group is a provider of high-quality, system-critical elastomer components having leading positions in attractive global markets such as healthcare, mobility, connectivity, general industry, and food & beverage. With more than 25 operating companies, sales in over 100 countries and over 8,000 employees Dätwyler Group generates annual sales of more than CHF 1,000 m.

The Homburger team was led by partner Jürg Frick (pictured) and associate Stefan Bindschedler (both financing and investment products) and included partner Stefan Oesterhelt (tax).

The Walder Wyss team was led by David Borrer (partner, banking finance) and included Lukas Wyss (partner, banking finance), Valentin Wiesner (managing associate, banking finance) and Maurus Winzap (partner, tax).

Walder Wyss `partner David Borrer