Noerr advises APL Group on its EUR 267 million debut syndicated term loan and revolving credit facilities agreement


With a team led by Alexander Schilling Noerr has advised APL Group in connection with its EUR 267 million debut syndicated loan agreement. The syndicated loan agreement converts the APL Group's financing from a former bilateral financing structure to a syndicated financing for the first time.

The syndicated loan agreement secures for the APL Group a revolving credit facility for general corporate purposes, a revolving guarantee facility and amortising term loan facility to refinance existing bilateral financings. With a term of the credit facilities of five years and the option to extend for up to additional two years, the APL Group achieves secure long-term financing structures.

With its state-of-the-art test stands, APL Group has stood for successful development services since 1989. The APL Group's customers include well-known international companies from the automotive industry, automotive suppliers and oil and additive suppliers.

Advisors APL Group: NOERR Partnerschaftsgesellschaft mbB

Dr Alexander Schilling (partner, lead), Linh Hoang (associate) and Dr Maria Bozhenova (associate, all Banking & Finance, Frankfurt) and Andre Happel (partner) and Thomas Renner (associate, both Tax, Frankfurt)