📄 Extracted Text (329 words)
To: Jeffrey Epstein[jeevacation©gmail.com]
From:
Sent: Tue 9/8/2009 10:15:53 PM
Subject: 150m Euro Financing
Is this of interest?
If so, what's the best way to structure it?
150 million Euro Bridge Financing for Scholz-Edelstahl GmbH in Germany.
Mr. Berndt-Ulrich Scholz is owner of Scholz AG (http://www.scholz-
ag.de/english/index.html) Business had a turnover of close to 5 bn Euro in 2008
(3.5 bn. Euros in 2007) and 5,000 employees. Scholz AG is amongst the leading
steel and metal scrap recycling companies in Europe; it is 100% owned by the
family of Berndt-Ulrich Scholz.
The business has a subsidiary Scholz-Edelstahl GmbH (http://www.scholz-
edelstahl.de/), its a steel trading company with a group tonnage of 325,000 t
p.a. and sales of 380 million Euro in 2007 (processing volume of 150,000 t p.a.;
stock volume of 100,000 t p.a.). Scholz-Edelstahl supplies stainless steel in six
different grades and specifications
- Over the last years Scholz-Edelstahl, apparently, built up an inventory and
speculated the wrong way; the banks are forcing Scholz to find a solution for his
subsidiary:
Scholz currently evaluates his options:
Option 1: a bridge financing of approx. 150 million Euro for Scholz-Edelstahl:
period of at least 2 years (to be confirmed), interest rate to be negotiated.
Option 2: loan security - pledge current inventory of steel and guarantee of
payment of the loan would be both given by the Scholz AG and by the owner Berndt-
Ulrich Scholz.
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EFTA_R1_01509399
EFTA02436800
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