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Scout24 secures syndicated loan facility with the help of Noerr

Law firm Noerr has advised Scout24 on the closing a new syndicated loan facility.

Noerr’s Frankfurt partners Andreas Naujoks and Dr Torsten Wehrhahn provided the team lead in this deal.
 
The Munich internet group Scout24, which had its IPO a year ago, is replacing its previous syndicated loan facility granted by an international banking consortium three years before expiry of its regular term and is with this refinancing deal securing new credit lines of EUR800 million at much more attractive conditions.
 
This unsecured syndicated loan facility also provides sufficient flexibility for further acquisitions, enabling Scout24 to further expand its market leadership in the field of real property and car classifieds portals.
 
For the arrangement of this new financing structure, Scout24 relied on UniCredit Bank as the mandated lead arranger and bookrunner. In spite of a tight time schedule, the transaction was significantly oversubscribed.

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