Luther assists Zapf Creation AG with its refinancing

Luther assisted Zapf Creation AG with the successful refinancing of an existing loan

Zapf Creation signed new loan agreements with UniCredit Bank AG, the terms of which were adjusted to the changed market environment and constitute a milestone in the restructuring of the toy manufacturer from Upper Franconia in Germany.

Zapf Creation AG signed new loan agreements with UniCredit Bank AG, ending in December 2018. The implementation is scheduled for the beginning of January 2016. The new agreement replaces the loan that is set to end in May 2016.

Matthias Götz, the leading partner at Luther has been working with Zapf Creation for many years with regard to reorganisation and financing questions. He assisted them with the share purchase of the current principal shareholder and has come alongside the company since then with numerous corporate actions and loan financing transactions performed within the context of the company's restructuring and reorganisation. In the current financing, this specialist in corporate law has been working closely with Luther's banking law team, which routinely consults for companies wanting to refinance: the law firm consulted, for example, for the Trimet Group in July 2015 to assist with the refinancing of a syndicated loan.

About Zapf Creation

Zapf Creation is Europe's leading brand manufacturer of play and functional dolls as well as accessories. The company has branch offices throughout the world and 67 employees (31 December 2014). In the 2014 fiscal year, Zapf Creation generated sales in the amount of EUR 59.9 million.

For Zapf Creation

Luther, Mergers & Acquisitions / Restructuring: Matthias Götz (Lead Partner, Frankfurt am Main)Luther, banking and capital market law: Christoph Schauenburg, LL.M. (Partner, Frankfurt am Main)

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