Gleiss Lutz has advised United Internet AG on its new syndicated financing facility of EUR 1.5 billion.
The loan, which comprises a term facility and a revolving working capital facility, is being extended by an international consortium of ten banks and will be used to refinance the loan facility concluded by United Internet AG in 2018.
United Internet is a leading European internet specialist, with brands such as 1&1, GMX and WEB.DE, roughly 29 million paid accounts, over 39 million ad-financed free accounts and around 11,000 employees.
Gleiss Lutz regularly advises the United Internet Group on large-volume syndicated loans including, most recently, for IONOS Group SE – which is also listed and belongs to United Internet – at the end of 2023 on its post-IPO financing.
A Gleiss Lutz team led by Frank Schlobach (partner) and Dr. Katja Lehr (counsel, both Banking & Finance, both Frankfurt) advised United Internet AG on all relevant aspects of the financing.
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