The advisors on Rieter’s on syndicated financing
Winterthur-based Rieter – a globally active supplier of systems for manufacturing yarn – has closed a CHF 750 million syndicated financing. The syndicate behind the operation included UBS Switzerland and Zürcher Kantonalbank, as well as a group of international and Swiss financial institutions.
In connection with the deal, Lenz & Staehelin advised Rieter, with Clifford Chance acting on German and Czech law aspects for the company, while Advestra represented the lenders, with Gleiss Lutz acting on German law aspects and Kinstellar on Czech law aspects.
The context
The deal falls within the broader context of a long-term debt financing for the Rieter Group, including its pending acquisition – subject to customary closing conditions – of Barmag from OC Oerlikon.
The Lenz & Staehelin team
The Lenz & Staehelin team on the matter included Marcel Tranchet (pictured above), Sven Infanger and Niklaus Schmid.
The Advestra team
The Advestra team featured Alexander von Jeinsen (pictured), Alexander Fisch, Angelika Kremer and Valérie Bär (all financing) as well as Céline Martin (tax).
