Press Release Press Release


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."