Scout24 trims €50m off loan after sale of Swiss websites
Scout24, the German online directories and listings company, has reduced the size of its €645m term loan ‘B’ by €50m, after selling its Swiss business to e-commerce firm Ringier Digital.
Ringier is now the sole shareholder in online marketplaces AutoScout24, MotoScout24 and ImmoScout24, it announced in a statement on January 24.
Scout24 had pre-agreed to cut the debt issuance if the sale went ahead. By reducing the size of its term loan, Scout24 is able to maintain its
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