Gleiss Lutz has advised IONOS Group SE (IONOS) and its subsidiary IONOS Holding SE on the conclusion of an EUR 800 million syndicated term facility agreement. The loan is being made available by an international consortium of nine banks and will be used to partially refinance the shareholder loan extended to IONOS Holding SE by United Internet AG.
The refinancing is subject to a fixed annual interest rate, which was set immediately prior to the closing date on the basis of the 3-year mid-swap rate. The syndicated loan runs until 15 December 2026 and is due at maturity.
IONOS is the leading European partner in digitalisation for SMEs. It serves more than 6.1 million customers, operating in 18 markets in Europe and North America with a platform that is accessible worldwide. With its web presence and productivity portfolio, the company acts as a one-stop-shop for all digitalisation needs: from domains and web hosting to classic website builders and DIY solutions, to e-commerce and online marketing tools. IONOS also offers cloud solutions for companies wishing to migrate to the cloud as their business evolves.
The following Gleiss Lutz team led by Frank Schlobach (partner, Banking and Finance, Frankfurt) advised IONOS on the financing: Dr. Stephan Aubel (partner, Corporate/Capital Markets), Dr. Katja Lehr (counsel), Yvonne Gerster, Niklas Kaiser (all Banking and Finance), Anne Görg (Corporate), Dr. Dominik Monz (Tax, all Frankfurt).
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