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Freshfields advises Takko Fashion on its comprehensive refinancing
Global law firm Freshfields has advised Takko Fashion GmbH and its shareholders on all aspects of the comprehensive refinancing of its existing debt through the issuance of €350m senior secured high yield bonds and a new €203m revolving credit facility. Takko is a leading European vertically integrated discount fashion retailer based in Germany, with around 1,950 stores in 17 European countries and almost 18,000 employees.
The multi-jurisdictional cross-practice Freshfields team included the leveraged finance and capital markets groups across Germany, England, the Netherlands and Austria and was led by Partners Simone Bono (High Yield, London), Mario Hüther and Michael Josenhans (both Leveraged Finance, Frankfurt). They were supported by Counsel Anouschka Zagorski (Finance, Vienna), Senior Associate Shruti Dusaj (High Yield, London), Principal Associates Andreas Thümmler (Leveraged Finance, Frankfurt), Simon Fitzpatrick (Finance, Vienna), Laura Korndörfer (Leveraged Finance, Frankfurt), Associates Enzo Paganetti, Ahmed Yacout Saleh (both High Yield, London) and Trainee Solicitor Georgina Baker (London).
