Frank\u00adfurt a. M. \u2014 The Munich, Frank\u00adfurt and New York offices of the inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP have advi\u00adsed Supe\u00adrior Indus\u00adtries Group, a leading global manu\u00adfac\u00adtu\u00adrer of alumi\u00adnum wheels for the auto\u00admo\u00adtive indus\u00adtry, on the successful comple\u00adtion of the restruc\u00adtu\u00adring of its Euro\u00adpean business.<\/p>\n
As part of the restruc\u00adtu\u00adring process, the German subsi\u00addiary Supe\u00adrior Indus\u00adtries Produc\u00adtion Germany GmbH was placed under protec\u00adtive shield procee\u00addings. After it was not possi\u00adble to restruc\u00adture the Werdohl site due to the econo\u00admic condi\u00adti\u00adons, the Supe\u00adrior Indus\u00adtries Group succee\u00added in relo\u00adca\u00adting produc\u00adtion from Werdohl to Poland within an extre\u00admely tight time\u00adframe. During the relo\u00adca\u00adtion, deli\u00adveries to OEM custo\u00admers were main\u00adtai\u00adned in full. In addi\u00adtion, the majo\u00adrity of the employees affec\u00adted were able to find new employ\u00adment by setting up a trans\u00adfer company. <\/p>\n
Prior to the restruc\u00adtu\u00adring, Weil had alre\u00adady provi\u00added legal advice to the company in connec\u00adtion with the raising of new term loan finan\u00adcing. Both Supe\u00adrior Indus\u00adtries Produc\u00adtion Germany GmbH and other German Supe\u00adrior Indus\u00adtries group compa\u00adnies were origi\u00adnally invol\u00adved in this. As part of the restruc\u00adtu\u00adring, Weil supported the corre\u00adspon\u00adding imple\u00admen\u00adta\u00adtion of all restruc\u00adtu\u00adring measu\u00adres while conti\u00adnuing the finan\u00adcing. Paral\u00adlel to the relo\u00adca\u00adtion of produc\u00adtion and the realignment of the Euro\u00adpean busi\u00adness, the term loan finan\u00adcing was then exten\u00added in August 2024 to redeem a USD 200 million bond issued at the level of Supe\u00adrior Indus\u00adtries Inter\u00adna\u00adtio\u00adnal, Inc. <\/p>\n
The restruc\u00adtu\u00adring of the Euro\u00adpean acti\u00advi\u00adties of the Supe\u00adrior Indus\u00adtries Group was one of Weil\u2019s most important restruc\u00adtu\u00adring manda\u00adtes in Europe and once again demons\u00adtra\u00adtes the firm\u2019s extra\u00ador\u00addi\u00adnary exper\u00adtise in trans\u00adat\u00adlan\u00adtic restruc\u00adtu\u00adring cases.<\/p>\n
Advi\u00adsor Supe\u00adrior Indus\u00adtries Group: Weil, Gotshal & Manges LLP<\/strong><\/p>\n The Weil team was led by Prof. Dr. Gerhard Schmidt (Munich) and included part\u00adners Tobias Geer\u00adling (Tax, Munich), Michael Hickey and Jessie Chiang (both Corpo\u00adrate, New York), coun\u00adsel Andreas Fogel (Corpo\u00adrate, Munich), Dr. Matthias Eiden (Restruc\u00adtu\u00adring, Frank\u00adfurt), Dr. Konstan\u00adtin Hoppe (Liti\u00adga\u00adtion, Munich), Thomas Zimmer\u00admann (Finance, Munich) and Gero Pogrzeba (Liti\u00adga\u00adtion, Frank\u00adfurt) as well as asso\u00adcia\u00adtes Caro\u00adlin Vetter\u00admann (Tax, Munich), Dr. Chris\u00adto\u00adpher Schlet\u00adter (Corpo\u00adrate, Munich), Hans-Chris\u00adtian Mick (Finance, Frank\u00adfurt), Silvia Lengauer (Finance, Munich), Nico\u00adlas N\u00f6ller, Melina Husic (both Restruc\u00adtu\u00adring, Frank\u00adfurt) and Daniel Mati\u00adje\u00advic (Liti\u00adga\u00adtion, Munich).<\/p>\n About Weil<\/strong><\/p>\n Weil, Gotshal & Manges is an inter\u00adna\u00adtio\u00adnal law firm with more than 1,100 lawy\u00aders. Weil has offices in New York, Boston, Brussels, Dallas, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Los Ange\u00adles, Miami, Munich, Paris, San Fran\u00adcisco, Washing\u00adton, D.C. and Sili\u00adcon Valley. In Germany, the firm has two offices and around 60 lawyers\/tax advi\u00adsors in Frank\u00adfurt and Munich. The focus here is on provi\u00adding specia\u00adli\u00adzed advice to natio\u00adnal and inter\u00adna\u00adtio\u00adnal clients on cross-border private equity and M&A tran\u00adsac\u00adtions, high-profile liti\u00adga\u00adtion manda\u00adtes, complex restruc\u00adtu\u00adrings and finan\u00adcings as well as tax struc\u00adtu\u00adring. www.weil.com<\/p>\n","protected":false},"excerpt":{"rendered":" Frank\u00adfurt a. M. \u2014 The Munich, Frank\u00adfurt and New York offices of the inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP have advi\u00adsed Supe\u00adrior Indus\u00adtries Group, a leading global manu\u00adfac\u00adtu\u00adrer of alumi\u00adnum wheels for the auto\u00admo\u00adtive indus\u00adtry, on the successful comple\u00adtion of the restruc\u00adtu\u00adring of its Euro\u00adpean busi\u00adness. As part of the restruc\u00adtu\u00adring process, the [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":52982,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1368,1372],"tags":[],"class_list":["post-52984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-consultants-auditors","category-consultant"],"yoast_head":"\n