Financing Trends in 2023 and Outlook 2024
18 January 2024
Hengeler Mueller has advised Porsche Automobil Holding SE (Porsche SE) on the successful placement of a Schuldschein loan worth Euro 2.7 billion.
The promissory note comprises eight tranches with maturities of three, five, seven and ten years with both fixed and variable interest rates on offer. Roughly 120 institutional investors participated in the Schuldschein loan, ranging from banks and pension funds to insurance companies. The placement was arranged by Deutsche Bank, ING, Landesbank Baden-Württemberg as well as UniCredit.
Hengeler Mueller has advised Porsche SE with a team comprising partner Johannes Tieves and counsel Tom Shingler (both Financing, Frankfurt).