Freshfields advises Schön Klinik on €935m Term Loan B financing

Global law firm Freshfields has advised Schön Klinik SE on the successful increase and restructuring of the terms of its existing Term Loan B to €935m. The proceeds from the increase will be used to refinance existing financial liabilities. As part of the transaction, the margin on the Term Loan B was also reduced.

Founded in 1985, the Schön Klinik Group is the largest family-owned company in the German hospital sector, while having a total of 17 hospitals and 47 outpatient and day-care facilities in Germany and the UK. Its portfolio comprises specialist hospitals, general and standard care providers, as well as specialist clinics in the fields of psychosomatics, orthopaedics, neurology and rehabilitation.

The Freshfields team comprised Partner Frank Laudenklos (Frankfurt), Counsel Alexander Pospisil (Frankfurt/Berlin), Principal Associate Alexander Bräuer and Associate Thilo Köhler (both Frankfurt, all Finance). Senior Associate Christina Banz and Associate Eleanor Piggott (both Finance, London) provided support on aspects of English law.

Teams led by partner Frank Laudenklos have advised Schön Klinik SE on several occasions, including on the raising of a Term Loan B in 2024 and 2025.