With effect from 24 June 2016, FP signed a new syndicate loan agreement with a strong, international consortium of banks comprising Commerzbank Aktiengesellschaft, Deutsche Postbank AG, Landesbank Baden-Württemberg and UniCredit Bank AG. The agreement has a total volume of €120m and an increase option of €30m. It also has a term of five years that can be extended twice for an additional year in each case.

The improved Group financing is one of the operational excellence measures in place to position the company even better for the future and move it to a higher growth path. Rüdiger Andreas Günther (CEO) explains: "The funding agreement that has been concluded reflects FP's strengthened position on the market. With significantly greater flexibility to take action, we now have a very good basis to drive the FP Group's profitable growth in the years to come."

Steen Associates acted as sole debt adviser to FP advising on participants, structure and negotiations of the syndicated loan agreement.

Joerg Freimund, Partner at Steen Associates said "This transaction demonstrates Steen's ability to support its clients in all types of complex corporate finance transactions ‎and highlights Steen's expertise in the field of debt advisory."