Clifford Chance Advises Sunfire AG Regarding €200 Million Syndicated Loan Agreement.
Clifford Chance has successfully advised Sunfire AG on the finalization of a €200 million syndicated loan agreement. This significant financing deal was arranged by a consortium of six international banks, with Commerzbank Aktiengesellschaft taking the lead as the mandated lead arranger, bookrunner, agent, and collateral trustee.
The legal team from Clifford Chance, which had previously assisted Sunfire AG in securing €100 million in financing from the European Investment Bank in late 2024, played a crucial role in securing this latest deal. The team, led by Simon Reitz, a partner in Clifford Chance's Global Financial Markets division in Frankfurt, was instrumental in navigating the complexities of the loan agreement.
Frank Posnanski, CFO of Sunfire, highlights: “With the guarantee line, we can not only realize existing projects, but also drive industrial scaling with our own financial resources. The support demonstrates confidence in young companies and future-oriented technologies. It is a signal that Germany is determined to make its industry sustainable and fit for the future.”
Alongside Reitz, Senior Associate Peter Gierl from the Munich office, Associate Marcel Knörchen from Frankfurt, and Partner Mark Aschenbrenner and Associate Mona Fuchs from Munich’s Corporate/Private Equity practice were key members of the team. Additionally, Partner Olaf Mertgen and Senior Associate Dr. Steffen Waadt from the Tax division in Frankfurt provided specialized legal expertise.
This loan marks a significant milestone for Sunfire AG, helping to solidify its financial position as it continues to expand its energy solutions. The collaboration between Clifford Chance and Sunfire AG underscores the importance of strategic legal counsel in securing large-scale financing arrangements.
Clifford Chance is a global law firm, established over 100 years ago, renowned for its expertise in banking, corporate law, finance, dispute resolution, and tax. With offices worldwide, it serves clients including corporations, financial institutions, governments, and not-for-profits. The firm delivers high-quality legal advice, combining global standards with local expertise, and strives to exceed client expectations by providing innovative solutions across all sectors.
Yvette Wang Sentenced to 10 Years for $1 Billion Fraud Scheme Tied to Exiled Tycoon Miles Guo
