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Freshfields advises Neumann Kaffee Gruppe on its sustainable billion dollar refinancing
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Neumann Kaffee Gruppe (‘NKG’) on refinancing its self-arranged Master Credit Agreement with a credit line of up to $1 billion. The facility includes an ESG component based on NKG’s sustainability strategy.
The annual interest rate is adjusted according to the achievement of certain target values for ESG indicators.
The agreement stipulates a mechanism aimed at introducing term SOFR as the preferred US-LIBOR replacement without further amendment.
The Freshfields team comprised Mario Hüther (partner), Nina Heym (counsel) and Georg Lübbehüsen (all Finance, Frankfurt).
The in-house team at NKG comprised Jochen Michalak and Christina von Hobe.
