PSA Finance Suisse SA closed a multi-million secured lending transaction
19 June 2019 – On 27 May 2019, PSA Finance Suisse SA closed a multi-million secured lending transaction. The asset based loan was provided by a single lender and is backed by a portfolio of Swiss auto lease assets originated by PSA Finance Suisse SA. PSA Finance Suisse SA is a joint venture between Banque PSA Finance (member of the Groupe PSA) and Santander Consumer Finance. PSA Finance Suisse SA is the captive finance company in Switzerland for the PSA brands Peugeot, Citroën and DS.
Walder Wyss advised PSA Finance Suisse SA on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction. The Walder Wyss team included Lukas Wyss (Partner, Finance), Maurus Winzap (Partner, Tax), Jan Ole Luuk (Counsel, VAT), Roger Ammann (Managing Associate, Finance), Bastian Heinel (Associate, Finance) and Christian A. Schmid (Trainee, Finance).