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DC Advisory advises KiK on its syndicated loan debut of € 250m

Background

  • KiK Textilien und Non-Food GmbH (KiK), is a German-based discount value retailer specializing in clothing, textiles, and various non-food items including interior decor. Founded in 1994, KiK has grown into one of the largest discount value retailers in Europe, with an extensive store presence - 2,486 stores across Germany alone

Process

  • DC Advisory served as KiK's exclusive debt advisor, providing comprehensive support across all debt-related activities
  • DC Advisory orchestrated a competitive lender process involving a selected number of investment and commercial banks

Outcome

  • On May 3, 2024, KiK signed its syndicated loan debut of € 250m with a consortium of seven banks, marking a pivotal moment in KiK’s financing and growth ambitions
  • The transaction completed on May 10, 2024
  • This transaction underscores DC Advisory's deep expertise in consumer and retail financing and its extensive network within the lender community

“We are delighted to have contributed to KiK's successful launch of its syndicated loan, aimed at bolstering KiK's presence in the discount value retail segment. This transaction further enhances our proficiency in the consumer sector and corporate loan advisory.”

Ari Winarto
Managing Director, DC Advisory Germany

What to read next

Date
Deal type
  • Debt Advisory & Restructuring
Deal locations
Germany
Deal team
Managing Director
Vice President
UN SDG Activity
  • GOAL 8: Decent Work and Economic Growth
  • GOAL 12: Responsible Consumption and Production
Actions
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