Cases & Deals

SEB-led syndicate provides €210 million credit facility to Vetter

Clients SEB AG

Jones Day represented SEB AG, as documentation agent, together with BNP Paribas, Commerzbank, DZ Bank, Landesbank Baden-Württemberg (LBBW), and Landesbank Hessen-Thüringen (Helaba), in connection with a €210 million (US$228.7 million) revolving credit facility provided to German company Vetter. The facility is guaranteed by a German subsidiary and will mature in five years, with two one-year extension options.

Vetter is headquartered in Ravensburg with approximately 4,100 employees located in several German and three foreign sites (United States - Chicago, Japan, and Singapore). It is an international specialist in the development, production, and packaging of aseptically prefilled syringe systems, cartridges, and vials. Its customers include the top 10 of the global pharmaceutical and biotech companies.