Noerr advises NORDWEST Handel AG on refinancing syndicated loan

A Noerr team led by Alexander Schilling has advised NORDWEST Handel AG on the conclusion of a EUR 132 million syndicated loan agreement.

The new syndicated loan agreement has a term of five years and replaces the existing syndicated financing of EUR 52.5 million. The secured financing serves to strengthen NORDWEST Handel AG’s ongoing liquidity and facilitate targeted investments. With a business volume of EUR 4.65 billion, NORDWEST Handel AG is one of the strongest-performing trade association companies in Germany’s industrial supply sector.

Noerr has been providing legal advice to NORDWEST Handel AG on an ongoing basis for many years, including on strategic matters and centralised payment regulation. The firm also advises NORDWEST Handel AG’s subsidiary, TeamFaktor NW GmbH, on regulatory and civil law aspects of factoring.

Advisors to NORDWEST Handel AG: Noerr Partnerschaftsgesellschaft mbB

Alexander Schilling (partner), Martina Buller (associated partner), Marius Fischer (senior associate, all Banking & Finance, Frankfurt)

Andre Happel (partner), Antonia Bach (senior associate, both Tax, Frankfurt)

Wolf Stumpf (partner, Factoring, Frankfurt)