Clifford Chance advised a banking consortium led by Commerzbank AG on the refinancing of syndicated loan facilities for Tom Tailor Holding AG.

The EUR 475 million syndicate loan is solely secured by guarantees. In addition to Commerzbank AG BNP Paribas S.A., Niederlassung Deutschland, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and Landesbank Baden-Württemberg acted as Mandated Lead Arrangers and Bookrunners.

The refinancing involves a total of 12 banks and has a term of five years. It replaces the financing packages that had been agreed in 2012 in the context of the acquisition of Bonita Group.

As in 2012, the Clifford Chance team included partner Alexandra Hagelüken, senior associate Dr. Katja Lehr and senior transaction lawyer Dr. Alexander Hansen Díaz (all Banking & Finance, Frankfurt).