Noerr advises CLIQ Digital AG on increasing its credit facility with Commerzbank AG and Deutsche Bank AG by bringing its total credit line up to €57.5 million

Under the leadership of our Frankfurt partner Sebastian Bock, our law firm advised CLIQ Digital on an amendment and restatement to the company’s current credit facility with Commerzbank AG and Deutsche Bank AG.

This resulted in a €24 million increase, bringing CLIQ Digital’s credit facility to €37.5 million, with an option after one-year to increase the facilities with another €20 million, bringing the total credit line up to €57.5 million. CLIQ Digital plans to use the facility to fund its strong growth perspective as well as potential acquisition opportunities and general corporate purposes.

The facility comes with customary covenants for the size and type of CLIQ Digital’s business. The interest rates charged for the facilities are in line with market standards and lower than the previous facility agreements.

CLIQ Digital AG is a global streaming provider specializing in performance marketing of mass market entertainment products, providing its members unlimited access to movies, series, music, audio books, sports and games. CLIQ Digital AG has a long and successful history in digital marketing and offers niche products for the mass market at competitive prices. The company operates in over 30 countries and employed 129 people from 32 different countries as at 31 December 2021. CLIQ Digital AG is a valuable strategic business partner for networks, content producers as well as publishers and payment service providers. It is headquartered in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona, Toronto and Florida. CLIQ Digital AG is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A0HHJR3, WKN: A0HHJR) and is part of the MSCI World Micro Cap Index.

Advisors to CLIQ Digital AG: Noerr Partnerschaftsgesellschaft mbB

Team lead: Sebastian Bock (partner, Banking & Finance, Frankfurt am Main), Dr. Stephan Schulz (Partner, Capital Markets, Hamburg), Doreen Pape (Counsel, Banking & Finance, Frankfurt am Main), Ana-Maria Mirceta (Associate, Banking & Finance, Frankfurt am Main)