SZA Schilling, Zutt & Anschütz advises Rabobank on EUR 300 million revolving credit facility for Encavis AG

A team of SZA Schilling, Zutt & Anschütz led by finance partner Dr. Ilja Baudisch has advised a syndicate of lenders coordinated by Coöperatieve Rabobank U.A. in relation to a EUR 300 million syndicated revolving credit facility for Encavis AG.

The syndicate consists of eight banks and includes both long-standing financing partners of Encavis as well as new lenders. The Dutch Rabobank acted as coordinator, bookrunner, mandated lead arranger and documentation agent for this transaction.

Encavis AG is an MDAX-listed producer of electricity from renewable energies based in Hamburg. On 24 April 2024, a consortium of bidders led by Kohlberg Kravis Roberts (KKR) made a voluntary public takeover offer for all outstanding shares of Encavis AG and the minimum acceptance threshold specified in the offer was exceeded at the end of the acceptance period. The financing allows Encavis AG to continue acquiring wind and solar parks in the current phase until the closing of the voluntary public takeover offer and thus supports the company's plans for a significant expansion of its renewable energy generation capacities.

SZA Schilling, Zutt & Anschütz:

Dr. Ilja Baudisch (Lead, Banking and Finance, Munich) Maximilian Mersch LL.M. (Nottingham) (M&A/Corporate Law, Frankfurt am Main), Dr. Thomas Poschenrieder (M&A/Tax Law, Munich).

SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH

SZA Schilling, Zutt & Anschütz has been one of the most respected German business law firms for over one century. With its lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on all complex legal issues arising in business.