IFLR1000

Punch Powertrain €130 million financing

18/12/2015
Financing
Select tab

€ 130 million

$ 138.177 million

Completed

18/12/2015

Overview:

  • Belgian car parts producer Punch Powertrain has obtained €130 million in financing.
  • Proceeds will also go to Punch's Chinese subsidiary, Punch Powertrain Nanjing.
  • The financing will help Punch Powertrain fulfill its 2015-2020 business plan.
  • The commercial lenders were BNP Paribas Fortis, ING Belgium, KBC Bank, and Belfius Bank.
  • The European Investment Bank (EIB) was also a lender.

Kurt Stumpo - Journalist

Jurisdictions:

China
Hong Kong SAR
Belgium

Deal type:

Financing

Practice area:

Banking

Industry sector:

Automotive

Firms:
A&O Shearman

Party: BNP Paribas Fortis (Lender)

Party: ING Belgium (Lender)

Party: KBC Bank (Lender)

Party: Belfius Bank (Lender)

Lawyers: Filip Tanghe, Matthew Bisley

Norton Rose Fulbright

Party: European Investment Bank - EIB (Lender)

Stibbe

Party: Punch Powertrain (Borrower)

Lawyers: Dries Hommez, Wouter Ghijsels

Zhong Lun Law Firm

Party: Punch Powertrain (Borrower)

Party: Punch Powertrain Nanjing (Borrower)

Lawyer: Dongyue Chen

Related deals