ETERNA Mode GmbH has refinanced its existing promissory note
ETERNA Mode GmbH has reached an agreement with the creditors of its promissory note on the amendment of the conditions of the promissory note loan due in March 2021 with a volume of Euro 25 million (the “Schuldscheindarlehen”). Due to the successful extension of the term of the bond 2017/2022 due in March 2022 of ETERNA with a volume of Euro 25 million until June 3, 2024, the term of the promissory note loan is extended until June 10, 2023.
With the extension of the promissory note and the successful extension of the bond, ETERNA creates additional financial stability at an early stage for the coming years against the background of the current unprecedented economic situation.
ETERNA, headquartered in Passau, Germany, is a market leading, premium positioned direct-to-consumer shirts and blouses marketeer with more than 150 years brand heritage and a strong customer centricity. The company has been a well-known premium heritage brand since 1863 with a reputation for high quality, trust, individualization and artful craftsmanship offering a selection of unique products. ETERNA successfully offers an omnichannel brand experience servicing the entire customer journey with a high growth online channel. The company operates more than 65 mono-brand stores across Europe and has access to more than 3,600 points of sale.
Quadriga Capital is one of the leading private equity companies in the German-speaking countries, specialized in acquiring and strengthening medium-sized companies. Investors in the funds advised by Quadriga Capital are institutional investors such as public and private pension funds, insurance companies and high net worth families.
Lincoln International acted as debt advisor to ETERNA Mode GmbH and supported in all aspects of the financing process including strategic advice, lender approach and structuring and negotiating of the refinancing terms.
Meet our Senior Team
View More Transactions in Consumer
Lincoln International, working with co-advisor Discount Capital, is pleased to announce that Cardo Systems, a portfolio company of Fortissimo Capital, has been sold to EMK Capital
Lincoln International is pleased to announce that Weaver Leather, a niche market leader with enthusiast brands in the equine, pet, leather crafting, arborist, livestock and construction markets, was sold to Blue Point Capital Partners
Lincoln International has advised on the refinancing of Bendon Inc., a portfolio company of Irving Place Capital
Lincoln International is pleased to announce that Virgin Wines, a portfolio company of Mobeus Equity Partners and Connection Capital, has floated on the UK AIM public market
Lincoln International advised a buyer group led by Evercel on the acquisition financing and IPO of ZAGG Brands
Lincoln International is pleased to announce that Feel Good Organics, LLC (FGO), has been sold to HPH II Investments Master Fund, LP together with its related entities, a private equity fund managed by WM Partners
Lincoln International advised Florida Food Products, a portfolio company of MidOcean Partners, on its acquisition of Amelia Bay
Lincoln International represented The Starco Group in its sale of API Automotive Products, Inc. (d.b.a. BlueDevil Products and PJ1 Motorsports) to Highline-Warren