Weil is advising Deutsche Bank in its approximately $215 million accounts receivable factoring arrangement with Marelli Automotive Lighting USA LLC, a “Tier 1” automotive supplier and one of the largest automotive components suppliers in the world, intended to provide Marelli with improved cash flow. This facility provides a unique opportunity for Marelli to improve its financial flexibility during its active chapter 11 cases, securing a more stable financial picture for the future.

The facility includes the pledging of receivables from various international jurisdictions, including Spain, France, Germany, Italy, Poland, Mexico and Slovakia, and required coordination and negotiation by Weil with local counsel in each jurisdiction.

The Weil team is led by Restructuring partner David Griffiths and Structured Finance partner Jeffrey Dawidowicz and includes Restructuring associate Michael Creme; and Structured Finance counsel Joel Hutman and associate Sarah Bruley.