Smart refinancing: Scout24 secures new syndicated loan facility with the help of Noerr

18.01.2017

Noerr has advised Scout24 AG on closing a new syndicated loan facility. Noerr’s Frankfurt partners Andreas Naujoks and Dr Torsten Wehrhahn had the team lead in this deal.

The Munich internet group Scout24 AG, which had a successful 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 €800 million at much more attractive conditions. This unsecured syndicated loan facility also provides sufficient flexibility for further acquisitions, enabling Scout24 AG 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 AG relied on UniCredit Bank AG as the mandated lead arranger and bookrunner. In spite of a tight time schedule, the transaction was significantly oversubscribed.

Advisors to Scout24 AG

Inhouse (Berlin): Dr Michael Bütter (lead), Peter Busse (head of Corporate and Capital Market Law), Johannes Schneider

Noerr (Frankfurt): Andreas Naujoks and Dr Torsten Wehrhahn (joint lead), Nadja Petrow, Christian Hinzmann (all Banking & Finance)