United Internet closes loan, plans Schuldschein

Germany internet resized
By Richard Metcalf
16 Oct 2014

United Internet, the German internet services provider, closed the €1.35bn loan for its acquisition of Versatel on Wednesday, leaving the path open to a Schuldschein transaction for banks left outside the syndication.

The transaction, which one banker described as a "tight club deal", received a positive response from the banks involved, according to another banker. 

Lenders' commitments were scaled back following what United Internet described in a joint statement with the two bookrunners and mandated lead arrangers, BayernLB and HSBC, as ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial