Germany’s Neumann secures $1.1bn loan

German global coffee wholesaler Neumann has secured a $1.1 billion loan, which it will use to refinance and consolidate its existing financing agreements and to finance the general trading activities of the Neumann Group GmbH.

Hamburg-based Neumann Gruppe is the holding company of the Neumann Kaffee Group, which comprises more than 40 companies in 28 countries and employs more than 3,300 people worldwide.

The financing was provided by UniCredit Bank GmbH as lead arranger and which acted with ING as joint bookrunners, while 16 other international syndicate banks were also involved in the financing, including Commerzbank, Deutsche Bank, DZ Bank, Helaba, HSBC, LBBW, MUFG, NordLB and Rabobank.

 Law firm Homburger advised UniCredit Bank  on the financing, with a team led by Daniel Haeberli (financing) and which included Simone Gloor and Céline Rüegg (both financing) as well as Stefan Oesterhelt (tax).