Freshfields Advised TUI On Sustainability-Linked €1.89 Billion Revolving Credit Facilities

Freshfields advised TUI on sustainability-linked €1.89 billion revolving credit facilities

Freshfields Bruckhaus Deringer advised TUI AG on the conclusion of sustainability-linked revolving credit facilities totaling €1.89 billion, provided by an international banking syndicate with a tenor of five years.

The facilities are sustainability-linked, meaning financing costs are tied to the fulfilment of key performance indicators (KPIs) related to emission reductions, in line with TUI Group’s Science Based Targets Initiative (SBTi)-approved climate targets.

The Freshfields team was led by Dr. Frank Laudenklos (Partner) and Dr. Dennis Chinnow (Principal Associate), with support from Alexander Bräuer (Associate) – all Finance, Frankfurt. The broader team included Martin Schiessl (Partner), Christian Schmidt (Principal Associate) and Daniel Renner (Associate) (all Tax, Frankfurt); Deborah Janssens (Partner), Wouter Van Der Veken (Counsel) and Emma Tielemans (Associate) (all Finance, Brussels); Anouschka Zagorski (Head of English Law Finance, Frankfurt), and trainees Megan McDonnell (Vienna) and Georgina Baker (English Law Finance, London).

On the client side, the legal team at TUI AG was led by Marcus Beger (Director Group Corporate Law), Mark Hoepfner (Senior Legal Counsel), and Dr. Sabine Lieberam-Schmidt (Senior Legal Counsel).

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.