Freshfields advises on institutional term loan refinancing for MEDIAN Group

Global law firm Freshfields has advised a banking consortium led by Goldman Sachs Bank Europe SE and Barclays Bank Ireland Plc on the comprehensive refinancing of the existing institutional term loan (TLB) facilities of MEDIAN B.V., a portfolio company of Waterland Private Equity.

The new long-term financing was provided via syndicated Term Loan B facilities of €575m and £300m, placed with a broad group of institutional investors. The transaction was structured to include both commitments from new lenders and a cashless roll-over for existing lenders into the new facilities.

In a parallel workstream, Freshfields also advised the lenders of MEDIAN's revolving credit facility on the extension of that facility.

MEDIAN Group is one of Europe's leading providers in medical rehabilitation, mental health, and sociotherapy and is synonymous with the highest standards in modern medical care and innovation. The group's facilities in Germany, the UK, and Spain provide care for approximately 309,000 patients annually. MEDIAN Group is committed to advancing the future of rehabilitation through scientific excellence and a strong focus on digitalization, ensuring a consistently high quality of care and sustainable improvement in patients' quality of life.

The Freshfields team was led by Partner Michael Josenhans (Frankfurt), Principal Associate Matthis Grenzer (Berlin) and Associate Aleksandar Djurdjevic (Frankfurt) and further comprised Serra Onal (Berlin, all Finance). English law advice was provided by Partner Mandeep Lotay (Amsterdam), Counsel Anouschka Zagorski (Frankfurt) and Associate Kimberly Stiegler (Vienna). Dutch law advice was provided by Daniel van Loggerenberg (Amsterdam). Associate Adrián Adrianov (Madrid) advised on Spanish law.