Freshfields advises tonies on syndicated revolving credit facility

Global law firm Freshfields has advised tonies SE on the conclusion of a syndicated revolving credit facility. The company has refinanced its existing syndicated credit facility ahead of maturity and replaced it with a larger facility.

The credit facility has an initial term of three years, with two one-year extension options as well as an increase option. It will be used for general corporate purposes of the tonies Group.

tonies SE is the world’s leading interactive audio platform for children. The company develops and distributes the Toniebox as well as an extensive portfolio of audio figurines and audio content. Since its founding in Germany in 2014, around 12.2 million Tonieboxes and more than 165 million Tonies have been sold worldwide.

The Freshfields team was led by Partner Michael Josenhans (Frankfurt) and Counsel Alexander Pospisil (Frankfurt/Berlin) and also included Principal Associate Alexander Bräuer (Frankfurt) and Associate Karl Kuhn (Berlin, all Finance).

In-house, the financing was handled by Group General Counsel Philipp Storm.