WFW advises global leader in electrical power and advanced materials Mersen on Schuldschein loan

12 December 2016


International law firm Watson Farley & Williams (“WFW“) advised Mersen S.A. (“Mersen“) on the signing of the company’s first Schuldschein loan. The €60m loan has a term of seven years, the interest coupon is based on EURIBOR. The unsecured loan was successfully placed by Landesbank Hessen-Thueringen Girozentrale (“Helaba”) and Commerzbank AG. Helaba acts as payment agent during the term of the transaction.

French headquartered Mersen is a global expert in electric power and advanced materials that provides innovative solutions for optimising manufacturing processes in sectors such as energy, transport, electronics, chemical, pharmaceutical and process industries. It operates in more than 35 countries worldwide and has over 6,400 employees.

The WFW team advising Mersen was led by Frankfurt banking & finance Partner Dr Sebastian Wulff. The debt capital markets and derivatives specialist Sebastian Wulff was supported by Paris finance Partner Charles Viggers, assisted by Associate Thomas Garros.

With over 12 years’ experience advising on Schuldschein transactions (both in private practice and at BNP Paribas) Sebastian is one of the most experienced legal advisers in this sector.

Sebastian commented: “We are delighted that Mersen chose WFW to advise them on their first Schuldschein financing. This is clear recognition of the firm’s growing reputation in finance transactions, in this case our debt capital markets and derivatives expertise”.