Clifford Chance has advised BNP Paribas S.A., Commerzbank AG and UniCredit Bank AG, acting as the mandated lead arrangers, on a general financing for Telefónica Deutschland worth EUR 750 million and placed via its subsidiary Telefónica Germany GmbH & Co. OHG. Another six banks are also involved in this new syndicated credit facility, which has a five-year term.

The Clifford Chance team was led by partner Thomas Weitkamp (Munich) and comprised senior associate Lauren von Dörnberg (Frankfurt) and associate Alexander Lang (Munich, all Banking & Capital Markets) as well as partner Thorsten Sauerhering (Tax, Frankfurt).