Gerresheimer, previously owned by private-equity firm Blackstone, was floated on the Frankfurt Stock Exchange in June 2007, raising approximately EUR 1BN. The company's initial public offering has been Germany's largest of the year to date. Commerzbank and the Royal Bank of Scotland will provide EUR 450M in credit facilities to German glass and plastic packaging manufacturer Gerresheimer AG, the banks said 27 June 2007. The proceeds of the facilities will be used to refinance existing debt and fund general corporate purposes. The credit facilities are comprised of a EUR 275M term loan and a EUR 175M revolving credit facility. Both facilities have a maturity of five years, with a two-year extension option. The banks launched the facilities into syndication in the week ending 24 June 2007 and a bank meeting was held 27 June 2007. T
