Hengeler Mueller advises freenet AG on refinancing by syndicated loan
16. December 2013
freenet AG, the largest network-independent telecommunications provider in Germany, has entered into a EUR 300 m syndicated loan with a banking syndicate led by Commerzbank AG, including Bayerische Landesbank, HSH Nordbank, Landesbank Baden-Württemberg, Nord LB and UniCredit. The new revolving credit facility has a maturity of five years. Funds drawn may be applied towards the financing of general corporate purposes, including acquisitions.
Hengeler Mueller advised freenet AG on the transaction. The Hengeler Mueller team included partners Thomas O. Cron and Nikolaus Vieten (both Financing) as well as associate Daniela Böning (all Frankfurt).