EUR865m financing for Schön Klinik

As part of the financing, Schön Klinik SE successfully repriced and upsized its existing EUR 350 million Term Loan B to a total of EUR 685 million. The cash proceeds of the upsized term loan facility will mainly be used to refinance maturing liabilities and to optimize the debt structure. At the same time, a significant reduction in financing costs was achieved. Additionally, Schön Klinik SE has secured a new and upsized EUR 180 million revolving credit facility (RCF) with improved and more flexible credit terms.

The Schön Klinik Group is one of Germany’s largest private hospital groups. Founded in 1985 and headquartered in Munich, the company operates a portfolio of 17 hospitals and 47 partial inpatient and outpatient services offering a comprehensive range of treatments focusing on mental health, somatic care and rehab. Schön Klinik is owned and controlled by a holding company of the founding family, Schön.

The core team of A&O Shearman consisted of partner Thomas Neubaum (lead), counsel Dr. Mark Hallett, senior associate Can Altan and associate Ann-Kathrin Ludwig (all Banking & Finance, all Frankfurt). Partner John Coburn and senior associate Karen Zoettl (both Banking & Finance) advised on English law issues, and partner Dr. Heike Weber and associate Dr. Manuel Köchel (both Tax, all Frankfurt) advised on tax law aspects.