Herter & Co. advised LINDAL Group Holding GmbH (“LINDAL“) on its refinancing of existing credit lines. The new syndicated loan was arranged at favorable terms.
“The increased financing volume provides financing security for the years to come and gives sufficient headroom to pursue opportunistic M&A. We would like to thank our existing banks for their loyalty and welcome our new banking partners. Herter & Co. supported us throughout all phases of our financing process, including advising on the most suitable financing instruments, debt structuring as well as the selection of our financing partners and loan documentation support,” said Harald Jessen, CFO of LINDAL Group.
The new syndicated loan facility is backed by a club of six banks.
LINDAL Group, headquartered in Hamburg, Germany, is a worldwide leader in the design, manufacture and sale of valves, actuators and spray caps used in aerosol products across different sectors such as the cosmetics, household, pharmaceuticals, food, and technical industries.
Herter & Co. -A Teneo Company- acted as sole debt advisor to LINDAL.
