Mayer Brown International LLP
The high yield practice at Mayer Brown International LLP is ‘passionate for the client, flexible and pragmatic, well connected and respected in the industry’. The team in London is able to combine New York, English and German law advice, which enables it to maintain a prominent position in new issuance and refinancing deals in Germany. Practice head and principal high yield partner Bernd Bohr is ‘very engaging, commercially minded and knowledgeable on recent trends’. He recently acted for Standard Profil Automotive GmbH on a €30m super senior revolving credit facility that shares the same collateral and similar covenants to the issuer’s €275m high yield notes. He also advised Preem Holding on its €340m debut green high yield bond.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Expertise, on top of market changes and trends, trustful and always approachable .’
‘Passionate for the client, flexible and pragmatic, well connected and respected in the industry.’
'Mayer Brown has a well-established German high yield capital market practice led by Bernd Bohr.'
'Bernd Bohr is our main point of contact at Mayer Brown and have been very useful to us over the years either by organising teach-in classes for our juniors, responding to any enquiries on unrelated transactions and acting on transactions. Bernd is very engaging, commercially minded and knowledgeable on recent trends.'
'Experienced team, well-motivated and acute to clients' needs. Good in collaborating with client's SMEs to understand specific topic relevant to issuance.'
'Mostly interacted with partners. They are hardworking and truly skilled, motivated and customer-focused. In latest deal I worked with three partners, all with in-depth knowledge in specific elements to our high yield issuance.'
Key clients
- Klesch Group
- Raffinerie Heide GmbH
- Progroup AG
- Wepa Hygieneprodukte GmbH
- Preem AB (publ) and Preem Holding AB (publ)
- Kalundborg Refinery A/S
- Standard Profil Automotive GmbH
Work highlights
- Acted as lead counsel to Standard Profil Automotive GmbH on its €30,000,000 super senior revolving credit facility that shares the same collateral and substantially similar covenants with the issuer’s €275,000,000 6.250% senior secured fixed rate notes due 2026.
- Acted as lead counsel to Preem Holding AB Holding AB (publ) on its debut (green) high yield bond offering of €340,000,000 12.000% senior notes due 2027, in accordance with the Preem Green Financing Framework. The offering of the green high yield bonds was the only such offering completed in all of Europe in the second quarter of 2022 and partially refinanced an existing term loan facility of the issuer.
- Advised Raffinerie Heide GmbH, Kalundborg Refinery A/S and their joint parent the Klesch Group on a comprehensive financing package which involved the refinancing of its €250,000,000 6.375% senior secured notes due 2022, the renewal and extension of Raffinerie Heide GmbH’s inventory program and receivables financing program and the entry into a new inventory program and receivables financing program for Kalundborg Refinery A/S.
Lawyers
Leading individuals
Practice head
The lawyer(s) leading their teams.
Bernd Bohr