Global law firm Mayer Brown advised Progroup AG in connection with the entry into three additional credit facilities with €75 million in total commitments, as well as a €150 million tap offering of its €450 million 3.000% senior secured (high yield) notes due 2026, issued in March 2018.
Since mid-2015, the same Mayer Brown team has advised Progroup AG and its affiliates in connection with the entry into and in connection with various amendments of a total of 11 facilities agreements with total commitments of approximately €450 million, as well as several high yield bond offerings with an aggregate offering size of approximately €1.4 billion.
Progroup AG is a leading, family-owned producer and supplier of containerboard and corrugated board in Central Europe.
The Mayer Brown team involved in the various transactions included lawyers in London, Frankfurt, Düsseldorf, Paris and New York. The team was led by Capital Markets and Leveraged Finance partner Bernd Bohr in London and Corporate & Securities counsel Dr. Jan Streer in Düsseldorf.