MCF acted as Debt Advisor to DvH Medien on the amend and extend of existing debt facilities
DvH Medien GmbH (“DvHM”), a leading media and publishing group with brands such as Handelsblatt, Wirtschaftswoche, Tagesspiegel and Die Zeit, has amended and extended its existing debt facilities. Fortifying our long-term relationship with DvHM, MCF acted as exclusive Debt Adviser on the arranging and structuring of the amendment.
The Deal
DvHM has amended and extended its existing debt facilities in cooperation with its financing partners, increasing the financial flexibility of the group and extending the tenor of the loan agreement for several years. MCF provided debt advice to DvHM on the commercial aspects of the amendment and extension of the financing and led the negotiations with the lenders.
About DvHM
DvHM is a Stuttgart-based media holding company founded by Dieter von Holtzbrinck and held via his family company. It is the shareholder of renowned and leading German media brands. The media group includes the Handelsblatt publishing group, shares in Zeitverlag and the Tagesspiegel Group, combining the leading media outlets of record in their respective categories of business, financials, economics, politics, society and public affairs. In addition to the daily and weekly digital and print publications, the group is one of the leading providers of specialist conferences, seminars and training programmes in Germany.
Client Statement
Jochen Maurer, CFO at DvHM:
“MCF has been a trusted, reliable and hands-on partner throughout the entire process. The team has structured and negotiated the financing in a highly professional and committed manner and significantly contributed to its successful implementation. The debt financing provides for financial flexibility and stability to support the growth of the business in the coming years.”
