150m Euro Financing
Is this of interest? If so, what's the best way to structure it?
150 million Euro Bridge Financing for Scholz-Edelstahl GmbH in Germany.
(http://www.scholz-ag.de/english/index.html) Mr. Berndt-Ulrich bn. Euros in Scholz 2007) and is Business owner 5,000 of employees. had Scholz a turnover AG Scholz of AG close is amongst to 5 bn the Euro leading in 2008 (3.5 steel and metal scrap recycling companies in Europe; it is 100% owned by the
family of Berndt-Ulrich Scholz.
(http://www.scholz-edelstahl.de/), The p.a. business and sales has of its a 380 subsidiary a steel million trading Scholz-Edelstahl Euro in company 2007 (processing with GmbH a group volume tonnage of of 150,000 325,000 t t p.a.; stock volume of 100,000 t p.a.). Scholz-Edelstahl supplies stainless steel in six different grades and specifications
- Over the last years Scholz-Edelstahl, apparently, built up an inventory and speculated the wrong way; the banks are forcing Scholz to find a solution for his subsidiary:
Scholz currently evaluates his options:
Option 1: a bridge financing of approx. 150 million Euro for Scholz-Edelstahl: period of at least 2 years (to be confirmed), interest rate to be negotiated.
Option 2: loan security - pledge current inventory of steel and guarantee of Berndt-Ulrich payment Scholz. of the loan would be both given by the Scholz AG and by the owner
This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules.
If you have received it by mistake please let us know by reply and then delete it from your system;
you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it.
Asia Gateway Ltd.
Michelin House
81 Fulham Road
London SW3 6RD
UK
