Herter & Co. advises Lindal Group on the successful first issuance of a Schuldschein loan

December 21st, 2018

Herter & Co. advised Lindal Group Holding GmbH on the first issuance of a Schuldschein loan and a new revolving credit facility with a reduced volume compared to the former facility.

Lindal Group was able to secure a well-balanced mix of volumes, maturities, financing security and costs with the Schuldschein loan. Thereby, the group could improve its long-term financing at beneficial conditions. The Schuldschein loan with different maturities provides Lindal Group a solid financing foundation. The proceeds were used for repayment of the existing revolving credit facility.

“The first issuance of a Schuldschein loan was a great success as we were able to secure favorable conditions. In addition, the new revolving credit facility provides us with the required flexibility. This will support Lindal Group on its further growth during the next years. Herter & Co. was an important partner during the whole process.” said Manfred Schnor, Chief Financial Officer of Lindal Group Holding GmbH.

The new facility is provided by the existing lenders which comprise German and international banks. LBBW was the Sole Arranger of the Schuldschein loan.

Headquartered in Hamburg, Germany, Lindal Group is one of the global market leaders for aerosol technology with revenues of more than €250m.

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