Milbank LLP has advised the lenders, a club of nine German and international banks, on the refinancing of IONOS Holding SE ("IONOS") by way of a syndicated loan facility in a total amount of €800 million. IONOS is a stock exchange-listed subsidiary of United Internet.
IONOS is the leading European digitalization partner for small and medium-sized businesses (SMB). The company serves 6.1 million customers and operates across 18 markets in Europe and North America, with its services being accessible worldwide. With its Web Presence & Productivity portfolio, IONOS acts as a “one-stop shop” for all digitalization needs: from domains and web hosting to classic website builders and do-it-yourself solutions, from e-commerce to online marketing tools. In addition, the company offers Cloud Solutions to enterprises who are looking to move to the cloud as their businesses evolve.
The Milbank team that advised the lenders on the financial aspects of the transaction was led by partner Thomas Ingenhoven (Finance) and included partner Thomas Kleinheisterkamp (Tax) as well as special counsel Thomas Möller and associate Lara Milione (both Finance).
