Messer, the world's leading privately owned specialist for industrial, medical and specialty gases, placed Schuldschein loans for the first time and successfully raised EUR 950 million with German and international investors. The Schuldschein transaction consisted of tranches with three-, five-, and seven-year tenors. Tranches were placed with fixed as well as variable interest rates.
Proceeds from the Schuldschein loans are to be applied towards the partial refinancing of a EUR 1,450 million bridge facility taken up for the acquisition of all shares in Messer Industries from minority owner CVC Capital Partners last year.
Hengeler Mueller team for Messer
Financing: Johannes Tieves (partner, lead), Tom Shingler (counsel, both Frankfurt).