Ashurst advised The Royal Bank of Scotland plc (RBS) in connection with a syndicated, revolving credit facility in the amount of €1,525 billion for METRO AG. RBS and ING Bank jointly granted the facility, both banks acting as co-ordinators. In addition, RBS is acting as Facility Agent.

METRO used the facility to refinance a €1,5 billion revolving credit facility and for general corporate purposes. The agreement for the new facility was signed on 30 April 2014.

The Ashurst team comprised partner Sebastian Schoon and counsel Christiane Kneip (both banking, Munich).

From its Munich office Ashurst's German banking team regularly advises national and international clients in relation to corporate lending. The firm acted for a BayernLB-led banking consortium on the granting of a loan to Pfeifer group, one of the leading European companies for rope, anchoring and lifting systems. Furthermore, Ashurst advised a consortium of banks led by Baden-Württembergische Bank on the refinancing of a corporate loan in the amount of €125 million granted to automotive supplier GETRAG.