Noerr advises the DuMont Group on syndicated financing

A Noerr team led by Andreas Naujoks and Alexander Schilling has advised DuMont Mediengruppe GmbH & Co. KG as a borrower and other DuMont Group companies as borrowers and guarantors in a syndicated loan agreement for bullet and revolving lines of credit totalling €210 million.

DuMont is a media and technology company with three divisions: regional media, business information and marketing technology. One of the group’s most well-known brands is the daily newspaper Kölner Stadt-Anzeiger.

The loan agreement serves to refinance the existing syndicated line of credit, the DuMont Group’s general financing needs and the financing of acquisitions and investments.

The new syndicated financing facility will create more financial scope for the DuMont Group and a means of linking its syndicated financing with its future sustainability success.

Following the implementation of the ESG (environmental, social and corporate governance) categories anchored in the syndicated loan agreement, the amount of the margin applicable from time to time will in future depend on the DuMont Group’s sustainability strategy.

Advisors to DuMont Media Group: Noerr Partnerschaftsgesellschaft mbB

Team lead: Andreas Naujoks, (partner, Banking and Finance), Alexander Schilling (partner, Banking and Finance, both Frankfurt)

Banking and Finance:

Michael Schuhmacher (associated partner), Patrick Geist (senior associate) and
Maria Bozhenova (all Frankfurt)