Cases & Deals

OHB SE amends and extends €225 million operating loan

Clients OHB SE

Jones Day advised OHB SE, a European space and technology company, and its subsidiaries in connection with the extension of the syndicated operating facility credit facility, which has been in place since December 2013.

Within the scope of the contract adjustment, the term of the contract was agreed by May 2021 as well as two renewal options of one year each. At the same time, the interest margin could be significantly reduced and the credit limit reduced by €25 million to €225 million. The financing was made available by a consortium consisting of seven institutes lead by the Institutes Bayerische Landesbank, Commerzbank AG, and UniCredit Bank AG; as well as BNP Paribas SA, Deutsche Bank AG, LBBW Rheinland-Pfalz Bank, and Landesbank Hessen-Thüringen Girozentrale.

OHB SE is the first listed German space travel and technology group. The 30 years of experience in the field of high technology as well as the bundling of aerospace and telematics know-how ensure that the Group stands out as one of the most important independent forces in the European aerospace industry.

Jones Day also advised OHB in connection with the conclusion of the syndicated €250 million operating credit line and the refinancing of existing credit lines in December 2013.