Taylor Wessing has advised a syndicate of international banks on their EUR 600 million facility agreement for Wienerberger AG to refinance its acquisitions of the Terreal and Creaton groups. E+H reportedly advised the borrower.
According to the firm, "this was the largest OeKB financing ever taken out by Wienerberger AG for the largest acquisition in the company's history."
Wienerberger is an international manufacturer of building materials and infrastructure solutions. The Terreal Group is a France-headquartered provider of roofing and solar solutions. Creaton manufactures and sells roofing materials including clay and cement tiles.
The acquisition transaction was announced back in January 2023, when Wienerberger purchased the Terreal operations in France, Italy, Spain, and the US together with the Creaton business in Germany and Benelux from France's Terreal Group (as reported by CEE Legal Matters on January 12, 2023).
The Taylor Wessing team included Partner Claudia Steegmueller, Counsel Carmen Redmann-Wippel, and Associate Cezary Kinski.
