Noerr advises RIB Software SE on €150 million debut syndicated loan
Noerr has advised RIB Software SE in connection with its €150 million debut syndicated loan agreement. The transaction was structured as a club deal by a banking syndicate led by Landesbank Baden-Württemberg (LBBW).
The revolving credit facility is structured as a hunting line in order to secure RIB Software SE’s financial flexibility for future acquisitions. The credit facility has a term of five years, with two extension options, each by a further year.
RIB Software SE, listed on the SDAX and TecDAX, is a leading technology enterprise in the construction industry. The company designs, develops and sells cutting-edge digital technologies for building contractors and projects in many different industries around the world and has more than 1,500 employees in over 30 locations worldwide. RIB Software SE regularly relies on advice from Noerr in matters such as its initial public offering in 2011, various share capital increases and recently in connection with a takeover offer announced by Schneider Electric on 13 February 2020.
Advisors to RIB Software SE: Noerr LLP
Dr Alexander Schilling, Dr Nikolai Warneke, Hannes Butz and Patrick Geist (all Finance, Frankfurt)