Kirkland Advises Lenders under LEONI AG’s RCF Facility on Groundbreaking Restructuring

Kirkland & Ellis has advised the lenders under LEONI AG’s EUR 750 million RCF facility on the groundbreaking restructuring of the German automotive supplier.

The LEONI restructuring is by far the largest process under the Act on the Stabilization- and Restructuring Framework for Companies (StaRUG) since its inception in January 2021 and a milestone in the German restructuring landscape.

LEONI is a global provider of products, solutions and services for energy and data management in the automotive sector and other industries. The value chain encompasses wires, optical fibers, standardized cables, special cables and assembled systems as well as intelligent products and smart services.

The Kirkland team was led by restructuring partners Marlene Ruf and Leo Plank and included transactional partner Achim Herfs, debt finance partners Wolfgang Nardi and Alexander Längsfeld, tax partners Michael Ehret and Daniel Hiemer, as well as restructuring associates Ann-Kathrin Ziegler, Johannes Lappe, Paul Päfgen and Nino Goglidze, transactional associate Siegfried Büttner, debt finance associate Fabrice Hipp and tax associate David Linnemann.