Latham & Watkins LLP has advised Novem Group S.A. on the extension of its existing syndicated credit facility in the amount of €210 million. The maturity of the syndicated credit facility has been extended to June 30, 2028. By amending the current term loan facility, which was originally due to mature in July 2026, Novem has also reduced the volume of its term loan liabilities by €90 million.
The Novem Group is a global leader in high-quality trim elements and decorative functional components in the automotive sector.
The Latham team was led by Frankfurt Banking & Private Credit partner Alexandra Hagelüken and counsel Cora Grannemann, with associate André Traute.
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