Francotyp-Postalia on its syndicated loan

Steen advised Francotyp-Postalia Holding AG ("FP"), a leading international expert in mail communication, on syndication of an expanded loan agreement.

FP signed a new syndicate loan agreement with a strong, international consortium of banks comprising Commerzbank Aktiengesellschaft, Deutsche Postbank AG, Landesbank Baden-Württemberg and UniCredit Bank AG. The agreement has a total volume of €120m and an increase option of €30m. It also has a term of five years that can be extended twice for an additional year in each case.