Swiss Steel Holding successfully completes EUR 300m capital increase

Niederer Kraft Frey acted as legal counsel to Swiss Steel Holding AG on its EUR 300 million capital increase and all related corporate law matters and proceedings before the Swiss Takeover Board, as well as in the renegotiation of the Group’s existing debt.

Swiss Steel Holding AG has successfully implemented a comprehensive suite of financial measures aimed at strengthening its financial position, including completion of a EUR 300 million capital increase and renegotiation of the Group’s existing financing agreements. The Group expects to use the net proceeds from the capital increase to fund its operations and to repay part of its debt.

Swiss Steel Group is one of the world’s leading providers of individual solutions in the special long steel products sector. The Group ranks among the top manufacturers of tool steel and non-corrosive long steel globally, and is one of the largest companies in Europe for alloyed and high-alloyed quality and engineering steels.

The NKF team was led by Corporate/Capital Markets partners Philippe Weber, Deirdre Ní Annracháin and Thomas Brönnimann, working with partner Roman Sturzenegger, associates Thiago Claro and Pascal Hodel and junior associate Norina Frey (all Corporate/Capital Markets), as well as partner Adrian Koller and associate Reto Seiler (both Finance) and partner Markus Kronauer (Tax).