Frankfurt Office Advises Salzgitter AG on €295.5 Million Issue of Exchangeable Bonds

November 8, 2010

Salzgitter Finance B.V., a wholly owned Dutch subsidiary of Willkie client Salzgitter AG, issues bonds exchangeable into shares of Aurubis AG.

On November 8, Salzgitter Finance B.V., a wholly owned Dutch subsidiary of Willkie client Salzgitter AG, issued bonds exchangeable into shares of Aurubis AG. The bonds in the principal amount of €295.5 million are guaranteed by Salzgitter AG and have a maturity of seven years. With an output of over seven million tons of crude steel, and a workforce of about 24,000 employees, Salzgitter AG is one of Europe's leading steel and technology corporations.

The Willkie team in Frankfurt was led by Prof. Dr. Michael Schlitt (capital markets) and included Dr. Susanne Schäfer (capital markets), Dr. Patrick Meiisel and Dr. Bettina Bokeloh (both tax), as well as Dr. Thorsten Becker, Dr. Cornelia Ernst and Jan Winzen (all capital markets).