Springer Nature secures EUR 2.5bn financing

Niederer Kraft Frey advised the banking consortium led by Commerzbank Aktiengesellschaft, ING Bank, a branch of ING-DiBa AG, Landesbank Baden-Württemberg, Stuttgart, and UniCredit Bank AG acting as lenders on term and multicurrency revolving credit facilities for the scientific publishing group Springer Nature in relation to all Swiss law aspects. The credit facilities made available have a volume of approximately EUR 2.5 billion.

Springer Nature is a leading global scientific and academic publishing group and utilises the new credit facilities to refinance existing indebtedness and for general corporate purposes.

Clifford Chance (Germany) acted as lead counsel to the banking consortium in this financing transaction.

The NKF team advising the consortium was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with associates Manuel Hirlinger, Reto Seiler and Selim Lötscher (all M&A/Finance), as well as partner Markus Kronauer (Tax).