BayWa r.e. AG successfully concludes a comprehensive refinancing package

The agreement with the shareholders and financing partners of BayWa r.e., totaling around EUR3 billion, includes bank loans, shareholder loans, and operational guarantees. It also includes the additional EUR435 million in funding announced in March. This provides a solid financial foundation for the company’s successful transformation in the coming years.

The successful financing secured for the years ahead underscores the confidence and commitment of both shareholders and financing partners in BayWa r.e.'s future business model. BayWa AG continues to hold a 51% majority stake in BayWa r.e., while Energy Infrastructure Partners (EIP) holds a 49% stake.

Thanks to this financing package, BayWa r.e. is well positioned to focus on the successful development of its operational business and to secure its position as a leading independent power producer (IPP). This includes the planning, development, and construction of wind, solar, and battery storage projects, the operation and maintenance of such assets, as well as energy trading.

BayWa r.e. will continue to operate globally, with a strategic focus on markets that offer both stable regulatory frameworks and strong growth potential. As previously communicated, the solar trading business is expected to be sold in the medium term. Until then, it remains an important strategic pillar alongside the company’s core business.

Based in 34 countries and generating revenues of almost EUR5.8 billion, BayWa r.e. is a leading global renewable energy developer, service provider, distributor, and energy solutions provider.

The international A&O Shearman team was led by partner Dr. Franz Bernhard Herding (Frankfurt), partner Dr. Walter Uebelhoer, and senior associate Sebastian Hanke (both Munich, all Banking and Finance/Restructuring), with the core team being supported by partner Dr. Josef Parzinger (Banking and Finance/Restructuring) on restructuring related topics.

The team further comprised partners Dr. Alexander Veith (Corporate/M&A) and Dr. Magnus Müller (Tax) in Munich; Dr. Heike Weber (Tax), Dr. Michael Weiß (Corporate/M&A), and Dr. Charlotte Willemer (Litigation) in Frankfurt; Dr. Ellen Braun (Antitrust) in Hamburg; counsel Dr. Jens Denninger (Tax), senior associates Julia Bräuer (Banking and Finance), Maximilian Steinhoff (Corporate/M&A), Julia Fekonja (Tax) in Munich; Dr. Nicolas Gillen (Litigation), Karen Zöttl and Alan Markgraf (both Banking and Finance) in Frankfurt; Anna Kräling (IP/IT) in Düsseldorf; and Dr. Kathrin Haag (Antitrust) in Hamburg; as well as associates Athanasios Giannakakos, Dr. Georg Lütkenhaus (both Banking and Finance), Dr. Laura Volk, Anna-Lena Lenk (both Litigation), and Eric Bremer (Banking and Finance/Restructuring) in Munich; Dr. Jonah Krafczyk, Simon Mattiat, Dr. Philipp Zehlicke (all Banking and Finance/Restructuring), and Niklas Kniess (Tax) in Frankfurt; Clara Wrede (Banking and Finance/Restructuring) and Marius Reif (Corporate/M&A) in Munich.

In addition, advice was provided by teams from A&O Shearman offices in Amsterdam, Belfast, Brussels, London, Luxembourg, Madrid, Milan, New York, Paris, Prague, Singapore, Sydney, and Warsaw.

Partner law firm E+H advised on Austrian law issues and partner law firm Homburger on Swiss law issues.