Hengeler Mueller advises CECONOMY in connection with a sustainable credit line of €900 m
9 April 2025
The DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, has secured a partial refinancing with no in rem security through a German private placement (Schuldscheindarlehen) in the amount of 200 million euros.
Together with 250 million euros of liquidity from the operational business, the funds are used to fully repay the bridge facility of 450 million euros set up one year ago after the IPO at the Frankfurt Stock Exchange. Although the DOUGLAS Group could have extended the bridge twice for six months each, the company repaid the facility at the original maturity date, thus reducing interest costs by around 3.3 million euros.
Hengeler Mueller advised DOUGLAS Group comprehensively on the German private placement.
Hengeler Mueller-team for DOUGLAS Group
Financing: Daniela Böning (partner), Matthias Hausdorf (associate, both Frankfurt).
