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Noerr advises Daimler Truck AG on new Euro 5 billion revolving credit facility

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Noerr advises Daimler Truck AG on new Euro 5 billion revolving credit facility

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Led by Alexander Schilling and Andreas Naujoks, the Noerr team provided comprehensive legal counsel throughout the negotiation and execution process

Noerr, a leading law firm, has played a pivotal role in advising Daimler Truck AG on its new Euro 5 billion revolving credit facility. 

The new credit facility replaces Daimler Truck AG's existing syndicated credit facility of the same amount, which has been in place since the company's spin-off from former Daimler AG. It serves multiple purposes, including enhancing financial flexibility, securing long-term liquidity, and safeguarding the company's first-class credit rating.

Spanning a term of five years, with the option for two extensions, the new credit facility underscores Daimler Truck AG's commitment to strategic financial management. Additionally, the agreement includes provisions for a potential increase of up to EUR 1.5 billion, subject to approval from the lending banks.

The negotiations involved key players such as BNP Paribas, Deutsche Bank, and LBBW, who acted as coordinators alongside Daimler Truck AG's in-house legal team, led by Klaus Pirkner and Sercan Ö. Demiral.

Noerr's advisory team, comprising Alexander Schilling, Andreas Naujoks, Jonas Zinkand, Andre Happel, and Thomas Renner, provided expert guidance in Banking & Finance and Tax matters, ensuring a seamless execution of the syndicated credit facility agreement.

This successful collaboration further solidifies Noerr's position as a trusted legal partner in complex financial transactions, highlighting its ability to deliver strategic solutions tailored to the unique needs of its clients.

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