Dentons with Unicredit on 1.1 billion financing facility for Neumann Gruppe

Dentons, with a multi-jurisdictional team led by partner Axel Schlieter (PICTURED) from the Düsseldorf office, has advised UniCredit as documentation agent in connection with a $1.1 billion revolving credit facility with a borrowing base reference in favor of Neumann Gruppe, the Hamburg-based holding company of Neumann Kaffee Gruppe.

UniCredit and ING acted jointly as bookrunners and mandated lead arrangers. The transaction was supported by an international banking syndicate comprising sixteen other financial institutions, including Commerzbank, Deutsche Bank, DZ BANK, Helaba, HSBC, LBBW, MUFG, NordLB, and Rabobank.

Neumann will use the proceeds to refinance and streamline its existing financing arrangements, as well as to support the general commercial activities of the Neumann Group, which comprises over 40 companies across 28 countries and provides services along the entire green coffee value chain. The financing includes an accordion option up to a maximum aggregate amount of $1.4 billion.

Dentons provided assistance throughout the syndication process with a multi-jurisdictional team involving professionals in Italy, Brazil, Colombia, France, Germany, Mexico, Singapore, Spain, the United States, and Switzerland.