Clifford Chance has advised SURTECO SE on assignable loans with a total volume of EUR 200 million. SURTECO is the holding company for a group of companies in the international furniture, flooring and wood-based products sector.

The assignable loans were placed in four tranches. There was one EUR 45 million tranche with a variable interest rate and due 2022 and three fixed-rate tranches of between EUR 40.5 million and EUR 59.5 million and with terms between 5 and 10 years.

The Clifford Chance team comprised partner Sebastian Maerker and associate Dr. Christian Köhler (German law, both Banking & Capital Markets, Frankfurt).