Allen & Overy LLP has advised Salzgitter Aktiengesellschaft on a EUR 560 milion syndicated revolving credit facility.

For more than 150 years, the companies of the Salzgitter Group have been synonymous with the innovative and sustainable manufacture of steel and technology products. What started with the idea of making iron and steel from ore sourced in Lower Saxony has evolved into an international group that includes world-renowned brands such as Peiner Träger, Mannesmann or KHS. Today, around 25,000 people work in the Salzgitter Group every day to provide customers from a wide range of sectors with innovative and sustainable products of the highest quality. The Group's core competencies are in the production of rolled steel and tube products, as well as the processing of and global trade in these goods. In addition, the companies of the Salzgitter Group are also successful in the field of specialist machinery and plant engineering.

The Allen & Overy team comprised partner Dr. Neil George Weiand and counsel Dr. Urs Lewens (both Banking and Finance, Frankfurt).

Salzgitter AG was advised in-house by general counsel Dr.Wolfgang Simons, the head of corporate, finance and capital markets law, Dr. Volker Gawrisch, and legal counsel Philipp von Ploetz.