Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium led by Citibank Global Markets Limited and UniCredit Bank AG as coordinators, bookrunners and mandated lead arrangers on a syndicated revolving credit facility for the German car manufacturer Volkswagen AG, Wolfsburg. The unsecured facility has a volume of €20 billion and is provided by a total of 13 international banks, including leading institutions from the UK, USA, France, Spain and Japan.

The Milbank team who advised the international banking consortium in relation to the financing was led by partner Thomas Ingenhoven with Associates Katja Lehr, Thomas Möller (Finance, Frankfurt) and Special Counsel Andrea Eggenstein (Corporate/M&A, Frankfurt).

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.

The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.