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| Schaeffler | |
| Size | €8 billion senior secured refinancing package |
| Date | February 2012 |
| Mandated lead arrangers | BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JPMorgan, LBBW, Royal Bank of Scotland, UniCredit |
| Global coordinators and managing bookrunners | BNP Paribas, Deutsche Bank, HSBC and JPMorgan |
| Lead bookrunners for bonds | Commerzbank, LBBW, RBS, UniCredit |
| return to the Global Deals of the Year index | |
Reflecting on the jumbo senior secured €8 billion refinancing package for Schaeffler, a German auto parts supplier, an investor says: “While exposure to the cyclical automotive sector would have normally have made this a nonstarter, the diversity offered by a new European levered corporate deal combined with an ebitda of €2 billion-plus made it a must-do.
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