Ashurst advised DuMont Mediengruppe (DuMont) on the successful conclusion of a syndicated credit facility in a low three-digit million range. The loans, which are made available by a consortium led by UniCredit Luxembourg S.A., may be used to finance general corporate and working capital purposes as well as future acquisitions. The consortium includes Bayerische Landesbank, Commerzbank AG (also documentation agent), Deutsche Bank AG, Kreisparkasse Köln, Sparkasse KölnBonn and UniCredit Bank AG.

The Ashurst team was led by finance counsel Dr Oliver K. Hahnelt. He was supported by counsel Dr Endrik Kramski, associate Dr Jan Ulrich Heinemann and paralegal Paul Luksch (all finance, Frankfurt).

DuMont is a new client for Ashurst. The Cologne-based family business is one of the largest media houses in Germany steeped in tradition with its core business focussing on quality journalism for daily newspapers and their digital offers. DuMont's portfolio includes, amongst others, the Kölner Stadt-Anzeiger, Mitteldeutsche Zeitung as well as the Berliner Zeitung and Hamburger Morgenpost.