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Turning Crisis into Strategy: Contracts, projects and disputes at a global chokepoint
Turning Crisis into Strategy: Contracts, projects and disputes at a global chokepoint
The transaction involved the onboarding of seven additional banks into the existing inventory ABS programme and upsizing of the facility volume by 45% to up to 1.6 billion Euros. The expanded programme enhances the capacity of AUTO1 Group’s inventory facility and further strengthens the company’s operations in Germany and Europe.
Hogan Lovells supported the lending institutions throughout the process, including preparing key parts of the transaction documentation. The team led by partner Dr Dietmar Helms is regularly involved in advising on ABS transactions for the AUTO1 Group.
Hogan Lovells team for the banks
Dr. Dietmar Helms (Partner, Frankfurt), Dr. Florian Putzka (Senior Legal Consultant, external, Dubai), Sandra Reinecke (Associate, Frankfurt) (Capital Markets)