The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium led by Citibank Global Markets Limited and UniCredit Bank AG as coordinators, bookrunners and mandated lead arrangers on a syndicated revolving credit facility for the German car manufacturer Volkswagen AG, Wolfsburg. The unsecured facility has a volume of € 20 billion and is provided by a total of 13 international banks, including leading institutions from the UK, USA, France, Spain and Japan.
A Milbank team headed by partner Thomas Ingenhoven comprehensively advised the international banking consortium in relation to the financing.
Advisor to the international banking consortium: Milbank, Tweed Hadley & McCloy LLP
Thomas Ingenhoven (lead), Associates: Katja Lehr, Thomas Möller (all Finance, Frankfurt), Special Counsel: Andrea Eggenstein (Corporate/M&A, Frankfurt)
Source: www.milbank.com
