Tue 04/25/2023 07:11 AM
Relevant Documents:Preliminary Offering Memorandum
Core Analysis
German automotive supplier Benteler is
offering €975 million equivalent senior €-denominated and USD-denominated senior secured notes due 2028 (“SSNs 2028”) to refinance existing indebtedness and to pay related fees and expenses.
The covenant package for Benteler’s SSNs 2028 are conservative, as might be expected of a company which is exiting a
restructuring. None of the aggressive borrower provisions of recent years feature in...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.