Noerr advises Talanx AG on new Euro 250 million revolving credit facility

With a team led by Dr Alexander Schilling and Dr Nikolai Warneke, Noerr has advised MDAX-listed Talanx AG on a new Euro 250 million revolving credit facility. In addition to Barclays Bank Ireland plc, which acted as coordinator in the negotiations of the credit facility agreement, further seven national and international banks are involved as lenders of the credit facility.

The new syndicated credit facility serves the Talanx Group both to increase its financial flexibility and to secure long-term liquidity. The term of the new credit facility is five years, with the option of extending it twice for an additional year each time.

Talanx is one of the largest insurance group in Europe. The Hannover-based company is active in more than 175 countries. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. The largest shareholder of Talanx AG is HDI V.a.G., a mutual insurance company, with a stake of roughly 77 per cent. The remaining 23 per cent of the shares are in free float.

Legal advisor to Talanx AG: Noerr

Alexander Schilling (partner), Nikolai Warneke (partner), Martina Buller (senior associate) and Jonas Zinkand (associate, all Banking & Finance)