Gleiss Lutz has advised internationally operating BRUSS group on its debut syndicated facilities agreement.
The financing comprises term and revolving working capital facilities and is provided by a banking syndicate led by Commerzbank Aktiengesellschaft and Deutsche Bank AG; it further includes a funding component from Kreditanstalt für Wiederaufbau (KfW). The new syndicated facilities agreement consolidates the group’s previous bilateral financing structure and is a key part of its growth-orientated business strategy.
BRUSS is headquartered in Hoisdorf, Schleswig-Holstein, Germany and has more than 2,400 employees. Founded as a family business in 1957, it is now one of the world’s leading suppliers of sealing and control solutions for drivetrains for combustion engines and electric motors, including shaft seals, venting concepts and the management of coolants and fuel fluids. The company manufactures products for well-known automotive manufacturers at its sites in Germany, Poland, Spain, Ireland, China and the USA.
The following Gleiss Lutz team advised BRUSS on all relevant aspects of the financing: Frank Schlobach (partner), Dr. Katja Lehr (counsel, joint lead), Yvonne Burkhardt, Niklas Kaiser, Sven Neubert (all Banking & Finance, all Frankfurt).
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