New Office Premises in Frankfurt

As of January 2015 Carsted Rosenberg LLP relocates to new office premises in central Frankfurt located at Taunusanlage 1, D-60329 Frankfurt am Main, Germany. We look forward to welcoming our clients and contacts at our new offices in the heart of the financial district in Frankfurt adjacent to the Deutsche Bundesbank.

Carsted Rosenberg LLP Advises on Heidelberger Druckmaschinen AG EUR 205,400,000 High Yield Bond

Heidelberger Druckmaschinen AG successfully issued EUR 205,400,000 German-law governed 8.00% high yield bonds due 2022. Cravath Swaine & Moore and Hengeler Müller advised BNP Paribas, Commerzbank, HSBC, Landesbank Baden-Württemberg, DZ Bank and IKB Deutsche Industriebank lead by Deutsche Bank, on the bond issue. Lead by global law firm Clifford Chance, Frankfurt and London, as global lead counsel, Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg LLP all acted as local counsels to Heidelberger Druckmaschienen AG on the successful issue of the EUR 205,400,000 High Yield Bonds.

Carsted Rosenberg LLP Advises on Capital Increase of Re-Match A/S

Carsted Rosenberg LLP acted for the company on the successful capital increase of Re-Match A/S. The capital increase consisted of private and public investors, including the Danish Government Green Business Development Fund and the Danish Growth Fund. The Danish Growth Fund is a state investment fund that contributes to the creation of new companies in the Kingdom of Denmark. Since 1992, The Danish Growth Fund has together with private investors co-financed growth in more than 5,000 Danish companies with a total commitment of more than DKK 12 billion. The Danish Growth Fund invests equity and provides loans and guarantees for small and medium-sized enterprises in collaboration with private partners and Danish financial institutions. As the first in the world, Re-Match A/S has invented the technology to separate artificial turf into raw components resulting in a 99.9 percent recycling. It is expected, that the global demand for recycling of artificial turf will grow rapidly in the coming years and that up to 20 million m2 artificial turf will be removed in 2015 alone. The Re-Match recycling process is patented and based upon a mechanical separation, which results in a complete separation and recycling without waste products. Re-Match’s technology cleans the components to a level of purity where they can be used in the production of new high-quality artificial turf. Investors were advised by Plesner Advokatfirma.

Carsted Rosenberg LLP Advises on EUR 250,000,000 Refinancing of Heidelberger Druckmaschinen AG

Lead by Clifford Chance Deutschland LLP as global lead counsel, Carsted Rosenberg LLP advised Heidelberger Druckmaschinen on a EUR 250 million Revolving Credit Facility. The refinancing was effected by an amendment and extension of a secured credit line provided by an international syndicate of banks in 2011 and successfully extended in an amount of EUR 250 million until June 2019. Heidelberg is the world-wide leading provider of solutions and services for the print media industry with a global market share of over 40%. Clifford Chance, New York, Clifford Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons, Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberg led by the Clifford Chance banking team in Frankfurt. The bank syndicate was lead by Deutsche Bank AG, Commerzbank AG, Landesbank Baden-Württemberg, BNP Paribas and HSBC Trinkaus & Burkhardt as mandated lead arrangers and advised by White & Case, Munich as global lead counsel and White & Case, New York, White & Case, London, White & Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott, Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen as local counsels.

Carsted Rosenberg LLP Advises on German-Danish Bond Issue

Together with Clifford Chance Deutschland LLP, as German counsel, Carsted Rosenberg LLP and Bruun & Hjejle I/S advised as Danish co-counsels to the Danish issuer in relation to a prospective real-estate bond to be issued on the Frankfurt Stock Exchange open market (Freiverkehr). The arranging banks were advised by White & Case LLP and Kromann Reumert I/S. The proposed transaction included a novel security structure providing registered security for the bond holders in Danish real estate for the purposes of an euro-denominated German-law governed real estate project finance bond by a Danish issuer and would have constituted the first of its kind in the market. The Frankfurt Stock Exchange operated by Deutsche Börse AG is one of the world’s largest trading centres for securities. It has established itself as one of the most attractive listing venues for companies in Europe due to its global investor reach and reputation. A listing on the Frankfurt Stock Exchange offers a number of advantages to foreign issuers, including high liquidity for traded financial instruments, comparatively low costs for admission and listing and a well balanced regulatory environment with different trading segments.  Primarily foreign instruments are traded in Open Market on the Frankfurt Stock Exchange including bonds, certificates and warrants of German and foreign issuers.