Transaction

Herter & Co. advises Lindal Group on first syndicated loan

November 11th, 2013

Herter & Co. advised Lindal Group Holding GmbH on the replacement and expansion of its existing bank financing through new revolving credit facilities with a maturity of 3 years plus extension options.

The new structure provides Lindal and its subsidiaries worldwide with adequate financial flexibility for continued international growth, streamlines banking relationships, and resulted in substantial cost savings compared to the previous bilateral agreements.

“We are very pleased with the outcome of our efforts. The new financing forms an excellent basis for the continued success of Lindal Group, as we have secured financial stability at very attractive terms for the next years. Herter & Co. organised the entire process, executed the preparation, provided partly new banking contacts, developed the financing structure, ensured banking competition in all respects and led the successful negotiations.” said Manfred Schnor, Chief Financial Officer of Lindal Group Holding GmbH.

The new facilities are provided by German and international banks, including existing as well as new relationship banks.

Headquartered in Hamburg, Germany, Lindal Group is one of the global market leaders for aerosol technology with revenues of more than €200m.

Herter & Co. acted as Sole Debt Advisor to Lindal Group.