Global law firm Clifford Chance has advised HUGO BOSS on the refinancing of its €600 million revolving syndicated facility. The syndicated facility continues to provide the company with additional financial flexibility for the successful execution of its ‘CLAIM 5 TOUCHDOWN’ strategy. The loan has a term of five years and includes two options for extending the term by one year each, as well as an option to increase the loan amount by up to €300 million.
The syndicated loan is classified as Sustainable Finance and thus meets important ESG criteria. Based on HUGO BOSS’s achievement of defined targets for the reduction of greenhouse gas emissions, the interest rate is adjusted annually.
The international Clifford Chance team was led by partner Simon Reitz and senior associate Vanessa Steiner (both Global Financial Markets, Frankfurt) with involvement of partner Boudewijn Vermeer and senior associate Bahar Sharif (both Global Financial Markets, Amsterdam).
The in-house team at Hugo Boss included René Heinz, Marto Luigi Mateo, Jakob Staudt and Dr. Nikolai Vokuhl.
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