Andermatt Swiss Alps AG closes CHF 125m credit facility

Niederer Kraft Frey advised Credit Suisse (Switzerland) Ltd. acting as arranger, agent and lender and a consortium of Swiss banks acting as lenders on a CHF 125 million revolving credit facility for Andermatt Swiss Alps AG to refinance its existing financial indebtedness and to finance working capital needs and investments for the development of, among other things, hotel and tourism infrastructure in Andermatt.

Andermatt Swiss Alps AG is a real estate development company known for developing luxury alpine resorts in Andermatt, Switzerland with the ambition of transforming the Andermatt region into a year-round prime alpine tourist destination.

The NKF team was led by M&A/Finance partner Philip Spoerlé, working with associate Selim Lötscher, junior associate Carlotta Ulmer and student trainee Robin Weissenrieder (all M&A/Finance), partner Andreas Vögeli and senior associate Oliver Zbinden (both Real Estate), as well as partner Markus Kronauer (Tax).