DLA Piper has advised Santander Bank as part of a banking syndicate providing corporate financing to a total of EUR 37 million to Royalbeach Spielwaren und Sportartikel Vertriebs GmbH. 

Part of the financing sum has been used for repayment of a corporate bond. The banking syndicate is additionally providing an operational working capital line.

Founded in 1989, Royalbeach Spielwaren und Sportartikel Vertriebs GmbH sells sporting equipment as well as outdoor and leisure goods to end users and to trading groups operating both nationally an internationally.

Santander Bank is a branch of Santander Consumer Bank AG, the German subsidiary of the Spanish Banco Santander S.A. The bank offers its clients short-term and medium-term loans, international trade financing and hedging transactions for market price risks. It also supports companies in the core markets of the Santander Group, including Spain, the UK, Poland and Latin America.

The DLA Piper team consisted of partner Dr Torsten Pokropp and senior associate Sandra Anne-Marie Gaidies (both Finance & Projects, Frankfurt).