Düsseldorf/London - Leading global law firm Mayer Brown represented the WEPA group, a leading European manufacturer of tissue products, on a €52 million tap offering by WEPA Hygieneprodukte GmbH of its 6.500% senior secured notes due 2020. Deutsche Bank and HSBC acted as joint lead managers and bookrunners for the offering. Mayer Brown also represented WEPA on its inaugural €275 million high yield bond offering earlier this year (see Press Release).

The net proceeds of the offering will be used for general corporate purposes of the Group, which may include capital investments in two additional paper machines and other machinery, the potential purchase of certain assets and liabilities of Marsberger Kraftwerk GmbH comprising its operational power plant business and the potential purchase of Winfried Limited, which holds the 50% stake in Northwood & WEPA Ltd. currently held by members of the Krengel family.

The Mayer Brown team included lawyers from the Düsseldorf, Frankfurt, London, New York and Paris offices, led by Banking & Finance partners Bernd Bohr (London) and Dirk-Peter Flor (Frankfurt) with Corporate & Securities partners Dr. Hendrik Otto (Düsseldorf) and Dr. Ulrike Binder (Frankfurt). They were assisted by Corporate & Securities partner Dr. Marco Wilhelm (Frankfurt), associates Dr. Jan Streer (Düsseldorf), Dr. Malte Richter and Sören Pruß (both Frankfurt) and Banking & Finance associate Marc Bäumer (Frankfurt).