Banking & Finance

We offer unrivalled international transactional expertise in cross-border banking & finance transactions. We regularly act as local counsel to the lenders or the borrowers on large-scale cross-border financial transactions led by global law firms.

Carsted Rosenberg Advokatfirma provides advice in relation to the full spectrum of financial products including syndicated lending, leveraged and acquisition finance, asset finance, project finance, export credit and financial regulation.

Carsted Rosenberg Advokatfirma provides a complete service covering the entire financing spectrum – from large complex cross-border financings to basic loan and security transactions. We are familiar with the commercial and market dynamics and understand the business drivers on all sides of the transactions.

For more information on our transaction expertise please visit our news section for recent transactions and our references section for our representative transaction list. Please contact Michael Carsted Rosenberg to discuss any matters.

Notable Transactions:

Carsted Rosenberg Advokatfirma Advises on EUR 250,000,000 Refinancing of Heidelberger Druckmaschinen AG

Lead by Clifford Chance Deutschland LLP as global lead counsel, Carsted Rosenberg Advokatfirma advised Heidelberger Druckmaschinen on a EUR 250 million Revolving Credit Facility. The refinancing was effected by an amendment and extension of a secured credit line provided by an international syndicate of banks in 2011 and successfully extended in an amount of EUR 250 million until June 2019. Heidelberg is the world-wide leading provider of solutions and services for the print media industry with a global market share of over 40%. Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberg led by the Clifford Chance banking team in Frankfurt. The bank syndicate was lead by Deutsche Bank AG, Commerzbank AG, Landesbank Baden-Württemberg, BNP Paribas and HSBC Trinkaus & Burkhardt as mandated lead arrangers and advised by White & Case, Munich as global lead counsel and White & Case, New York, White & Case, London, White & Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott, Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen as local counsels.

Carsted Rosenberg Advokatfirma advises Heidelberger Druckmaschinen Aktiengesellschaft on EUR 500,000,000 Revolving Credit Facility

Together with Clifford Chance, Frankfurt as global lead counsel, Carsted Rosenberg advised Heidelberger Druckmaschinen on a EUR 500 million Revolving Credit Facility. Heidelberg is the world-wide leading provider of solutions and services for the print media industry with a global market share of over 40%. Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberg led by the Clifford Chance banking team in Frankfurt. The bank syndicate was lead by Deutsche Bank, Commerzbank, Landesbank Baden-Württemberg, BNP Paribas and Citibank as mandated lead arrangers and advised by White & Case, Munch as global lead counsel and White & Case, New York, White & Case, London, White & Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott, Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen as local counsels.

Carsted Rosenberg Advokatfirma Advises on Deutsche Bank AG Financing of a GBP 70,000,000 New 19MW Biomass-Powered Combined Heat and Power Plant in East London

Led by global lead counsel Watson, Farley & Williams LLP, London, Carsted Rosenberg Advokatfirma advised as local counsel for Denmark Deutsche Bank AG, London Branch and Deutsche Bank Luxembourg S.A. as sole lead arranger and lender on the project financing of a new 19MW biomass project in Beckton, East London. The GBP 70,000,000 waste oils CHP plant will generate heat to be provided to National Grid Gas, and power to be supplied to Thames Water Utilities Limited for its desalination plant at Beckton. Power not used by Thames Water Utilities Limited will be exported to the national grid. Lead by Watson, Farley & Williams, London as lead counsel Watson, Farley & Williams, Munich and Carsted Rosenberg, Copenhagen advised as local counsels for Germany and Denmark respectively. The facility is being built by a consortium comprising iCON Infrastructure Partners II (GBP), L.P., EEA Holdings Limited and Beckton Energy Limited.

Carsted Rosenberg Advokatfirma Advises HYPO NOE on German-Danish Real Estate Senior Credit Facility

Together with lead counsel Simmons & Simmons, Frankfurt, Carsted Rosenberg Advokatfirma advised HYPO NOE Bank as senior lender on a German-law governed senior credit facility provided to the Danish subsidiaries of a Luxembourg real estate fund for the refinancing of the acquisition of an existing commercial real estate portfolio in Germany. The lender was advised by Simmons & Simmons, Frankfurt, Simmons & Simmons, Luxembourg, Simmons & Simmons, London and Carsted Rosenberg Advokatfirma, as Danish counsel. The borrowers were advised by lead counsel Beiten Burkhardt, Munich, Nauta Dutilh, Luxembourg and Accura Advokatfirma, as Danish counsel.

Carsted Rosenberg Advokatfirma Advises on EUR 100 Million Funding of  R&D Activities of Heidelberger Druckmaschinen AG by the European Investment Bank

A EUR 100 million loan from the European Investment Bank (EIB) is to support the research and development (R&D) activities of Heidelberger Druckmaschinen AG (Heidelberg), focusing on digitisation, software integration and expansion of the digital printing portfolio. To help finance the R&D program, which will span several years, the EIB is providing the company with a development loan that can be drawn down in tranches, each with a seven-year term. This is the first time a large German company has benefited from the European Fund for Strategic Investments (EFSI) – the centrepiece of the Investment Plan for Europe. Following on from last year’s comprehensive refinancing activities, the EIB loan, which has a long-term focus stretching to 2024, rounds off the company’s financing mix, helping it to continue pursuing its strategy of innovation in the field of digitisation. “Over the next seven years, the EIB development loan will help us finance our research and development projects for digitisation on attractive terms. The financing framework is the basis for implementing the innovation strategy at Heidelberg and thus achieving the sustained profitable growth we are aiming for,” says Heidelberg CFO Dirk Kaliebe. The European Investment Bank is the European Union’s bank. Its shareholders are the EU Member States. The EIB makes long-term finance available for sound investment projects that tie in with EU policy goals, such as making European countries more competitive and supporting sustainable growth. EFSI is an initiative launched jointly by the EIB Group and the European Commission to help overcome the current investment gap in the EU. By mobilising private finance, it aims to make Europe more competitive and create high-quality jobs. A EUR 21 billion EU/EIB guarantee is expected to unlock EUR 315 billion of additional investment in the real economy by mid-2108. Lead by global law firm Clifford Chance, Frankfurt, as global lead counsel, Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Clifford Chance, Brussels, Clifford Chance, Milan, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Pestalozzi, Zürich, Wolf Theiss and Carsted Rosenberg all acted as local counsels to Heidelberger Druckmaschienen AG on the investment. Allen & Overy advised the EIB as lender’s global lead counsel.