Noerr advises Noerpel group on €55m syndicated financing contract

Noerr has advised the transport and logistics group NOERPEL in connection with the conclusion of its first syndicated loan agreement amounting to €55m. This syndicated loan agreements converts the group's financing from a previously bilateral financing structure to a syndicated financing structure for the first time.

The loan agreement provides the Noerpel group with a revolving working capital facility for general corporate purposes and a term loan facility for the purpose to finance the acquisition of the Lebert-Logistic-Group, which was successfully completed in early January this year. The loan facility has a term of five years with an extension option for up to two further years, as well as an option to increase the loan facility.

With a workforce of around 1,800, the Noerpel group is one of the leading transport and logistics services providers in Germany. The fourth-generation family-run company combines transport and logistics services with extensive co-packing services and its own temporary employment agency. The group achieved sales of over €315m in 2017.

Advisors to C.E. Noerpel GmbH: Noerr LLP

Dr Alexander Schilling, Dr Tom Beckerhoff (joint team lead), Sebastian Bock, Hannes Butz (all Financing, Frankfurt)

In-house counsel C.E. Noerpel GmbH: Christine Kamps (Managing Director and Chief Financial Officer)