Clearwater International has advised FRITZ SCHÄFER GMBH & CO KG (SSI SCHÄFER), one of the world’s leading providers of modular warehousing and logistics solutions, on the structuring and arrangement of a syndicated loan with guarantee facility and a revolving credit facility, with a tenor of up to seven years, which replaces most of the existing bilateral financing lines.
Clearwater has comprehensively advised the company in this self-arranged process at all stages of the transaction including structuring, term sheet drafting and negotiation, selection of bank partners, due diligence, and SFA negotiation. The primary target of the new financing structure was to establish long-term financing security as well as to reduce complexity in the existing financing structure.
With headquarters in Neunkirchen, Germany, SSI SCHÄFER generated revenues of €1.865bn in the fiscal year 2021. The company employs approximately 10,000 employees globally, along with seven domestic and international production sites and approximately 70 worldwide operating subsidiaries. SSI SCHÄFER develops and implements innovative industry-specific answers to its customers’ unique challenges across six continents. As a result, it plays a key role in shaping the future of materials handling.