10
Mon, Aug
40 New Articles

Schoenherr Advises Lenders on EUR 300 Million Secured Financing for Austrian Airlines

Schoenherr Advises Lenders on EUR 300 Million Secured Financing for Austrian Airlines

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Schoenherr has reportedly advised a club of lenders led by Erste Group and including Raiffeisen Bank International, UniCredit Bank Austria, BAWAG, and Oberbank on a EUR 300 million COFAG-guaranteed and secured financing for Austrian Airlines.

The financing that will be guaranteed by the Republic of Austria to 90% via COFAG (the government agency in charge of administering the Republic of Austria's COVID-19 rescue fund) is part of the rescue package for the Austrian national carrier.

The Schoenherr team was co-led by Partners Martin Ebner and Wolfgang Holler and included Partners Laurenz Schwitzer, Peter Feyl, and Hanno Wollmann and Associates Stefan Neuwirth, Wolfgang Hellsberg, and Viktoria Stark.

Schoenherr declined to further comment on the transaction.

Our Latest Issue