Hengeler Mueller advises Tengelmann on new syndicated facilities agreement

Tengelmann Warenhandelsgesellschaft KG has executed a new syndicated facilities agreement in March of this year consisting of a term facility and a revolving credit facility. The facilities are provided by a consortium of banks jointly arranged by Commerzbank and DZ Bank. The facilities serve to refinance the bridge facility agreement concluded with Commerzbank in November 2021 and at the same time replace the existing syndicated revolving facility agreement covering the Group's general liquidity requirements.

Hengeler Mueller Team for Tengelmann

Financing: Daniela Böning (partner, lead), Tom Shingler (counsel) and Jennifer Klein (associate, all Frankfurt).