Frankfurt  am  Main - Luther  assisted  Zapf Creation AG  with the successful refinancing of an existing loan: Zapf Creation signed new  loan  agreements  with  UniCredit  Bank  AG,  the  terms  of which  were  adjusted to the changed market environment and constitute a milestone in the restructuring of the toy manufacturer from Upper Franconia in Germany.

Zapf Creation AG signed new  loan agreements with UniCredit Bank AG, ending in December 2018. The implementation is scheduled for the  beginning  of  January  2016. The new  agreement  replaces the loan that is set to end in May 2016.

Matthias  Götz,  the  leading  partner  at  Luther  has  been  working  with Zapf  Creation  for  many  years  with  regard  to  reorganisation  and financing questions. He assisted them with the share purchase of the current  principal shareholder  and  has  come  alongside  the  company since  then  with  numerous  corporate  actions  and  loan  financing transactions   performed   within   the   context   of   the   company's restructuring   and   reorganisation. In   the   current   financing, this specialist  in  corporate law  has  been  working  closely  with  Luther's banking law team, which routinely consults for companies wanting to refinance:  the  law  firm  consulted, for  example, for  the  Trimet Group in July 2015 to assist with the refinancing of a syndicated loan.

About Zapf Creation

Zapf  Creation  is  Europe's  leading  brand  manufacturer  of  play  and functional  dolls  as  well  as  accessories.  The  company  has  branch offices throughout the world and 67 employees (31 December 2014). In the 2014 fiscal year, Zapf Creation generated sales in the amount of EUR 59.9 million.

For Zapf Creation AG

Luther,  Mergers  &  Acquisitions/Restructuring:  Matthias  Götz  (Lead Partner, Frankfurt am Main)
Luther, banking  and  capital  market  law:  Christoph  Schauenburg, LL.M. (Partner, Frankfurt am Main)