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June 04, 2009

Commerzbank acted as Debt Advisor on EUR 1.5 bn senior secured bridge financing for Adam Opel

On 31 May 2009, Adam Opel GmbH signed a EUR 1.5 billion senior secured bridge financing provided by a bank syndicate led by KfW. The bridge serves to finance Adam Opel GmbH and certain companies of the General Motors Europe group until the current process of setting up a partnership with new investors is finalised.

Commerzbank acted as Debt Advisor to Adam Opel GmbH on this transaction. Marco Molinari, CFO of Adam Opel GmbH, said: "We have received excellent structuring advice. The team's experience with public-backed financings and execution skills were instrumental in putting a transaction together very quickly within a few weeks under extremely challenging circumstances."

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