Global law firm Clifford Chance has advised the lenders on the refinancing of a syndicated revolving credit facility for LEG Immobilien SE.
Led by Commerzbank Aktiengesellschaft (Commerzbank) as documentation agent and coordinator, nine banks participated in the financing. The syndicated revolving credit facility has a term of five years, with two options to extend the term by one year each. The new facility replaces the existing revolving credit facility and provides LEG with financial flexibility and liquidity reserves.
The Clifford Chance team comprised partner Simon Reitz and counsel Vanessa Steiner (both Debt Finance, Frankfurt), as well as partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt).
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