Noerr advises Kolibri on successful placement of a EUR 145 million bond (Nordic Bond)

Noerr has advised Kolibri Beteiligung GmbH, the parent company of Zeitfracht Logistik Holding GmbH ("Company"), on the issuance and successful placement of a secured corporate bond (Nordic Bond) with an initial volume of EUR 145 million and a maturity of four years.

The bond can be increased to a total volume of up to EUR 200 million and has a floating interest rate with a margin above EURIBOR (three months). It has been fully placed with institutional investors.

The new bonds are to be included in trading on the OTC market of the Frankfurt Stock Exchange and the Nordic ABM of the Oslo Stock Exchange.

The net proceeds from the placement of the bond are to be used for the early repayment of the Company's existing bond with a term until 2026. In addition, it is planned to refinance existing liabilities of the group companies and to support the ongoing operations and future growth of the Zeitfracht Group.

The Zeitfracht Group is an internationally active group of companies with around 1,950 employees. Its activities focus on book wholesaling, publishing distribution, electronics, transport and fulfilment.

Advisors to Kolibri Beteiligung GmbH: Noerr Partnerschaftsgesellschaft mbB

Lead: Julian Schulze De la Cruz (Partner, Capital Markets, Frankfurt), Alexander Schilling (Partner, Banking and Finance, Munich)

Capital markets law: Thomas Thies (Senior Associate, Frankfurt)

Banking and finance law: Marius Fischer, Jonas Strubel (both Associate, both Frankfurt)