Clifford Chance Advises HUGO BOSS on Refinancing of €600 Million Revolving Syndicated Credit Facility

"Clifford Chance advised HUGO BOSS on the refinancing of a €600 million revolving syndicated credit facility classified as Sustainable Finance. The five-year loan includes two one-year extension options and an accordion up to €300 million; the interest rate is adjusted annually based on HUGO BOSS's greenhouse gas reduction targets."

Clifford Chance advised HUGO BOSS on the refinancing of its revolving syndicated credit facility, with the HUGO BOSS in-house legal team also participating. The transaction refinanced HUGO BOSS's €600 million revolving syndicated facility, continuing to provide the company with additional financial flexibility to support the execution of its 'CLAIM 5 TOUCHDOWN' strategy. The loan has a term of five years and includes two options to extend the term by one year each, as well as an option to increase the loan amount by up to €300 million. The syndicated loan is classified as Sustainable Finance and meets relevant ESG criteria. Based on HUGO BOSS's achievement of defined greenhouse gas emissions reduction targets, the interest rate is adjusted on an annual basis. Clifford Chance represented HUGO BOSS with a team composed by: partner Simon Reitz and senior associate Vanessa Steiner (both Global Financial Markets, Frankfurt); partner Boudewijn Vermeer and senior associate Bahar Sharif (both Global Financial Markets, Amsterdam). HUGO BOSS in-house legal team represented HUGO BOSS with a team composed by: René Heinz, Marto Luigi Mateo, Jakob Staudt and Dr. Nikolai Vokuhl.

Clifford Chance Advises HUGO BOSS on Refinancing of €600 Million Revolving Syndicated Credit Facility

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