Georg von Holtzbrinck GmbH & Co. KG and Holtzbrinck Publishers Holdings Ltd. have finalised a
club deal financing agreement of EUR 750m. The consortium, which consists of twelve banks, was led
jointly by Commerzbank AG, Landesbank Baden-Württemberg and The Royal Bank of Scotland PLC. The
publishing group was advised on this financing agreement by a team of lawyers from CMS Hasche Sigle
led by Berlin partner Dr Jens Moraht.
Holtzbrinck now has a EUR 500m. revolving credit facility, a EUR 200m term facility and a EUR
50m. swingline option. The only security is a guarantee from Georg von Holtzbrinck GmbH & Co.
KG. The Holtzbrinck group restructured a large part of its bilateral credit lines for the first
time in May 2004 when it consolidated them in a EUR 850m consortium financing agreement. This
financing model will be superseded after only just over one year by the new club deal owing to a
further drop in the interest rate.
Advisers to Holtzbrinck
CMS Hasche Sigle (Berlin): Dr Jens Moraht, partner Axel Dippmann
Contact CMS Hasche Sigle:
Dr Jens Moraht
Tel.: +49 (0)30 / 20360-115
E-mail:
Jens.Moraht@cms-hs.com
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers
the entire area of commercial law and provides legal advice to major German and international
companies from a wide spectrum of industry.
CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin,
Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels,
Belgrade, Moscow and Prague.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list
of partners see
www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575
partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our
clients in 24 countries in Europe and further afield on legal and tax issues.
Local strength and legal tax advice tailored to the requirements of the market combined with
a substantial amount of business and organisational integration form the basis for high-quality
international legal advice.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance:
CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS
Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium),
CMS Derks Star Busmann (the Netherlands), CMS von Erlach Klainguti Stettler Wille (Switzerland) and
CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central
Europe, North and South America, Asia and North Africa.
For further information on CMS Hasche Sigle see
www.cms-hs.com
and on the CMS alliance see
www.cmslegal.com
.
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