Andermatt Swiss Alps has entered into a CHF 125 million revolving credit facility with Credit Suisse (Switzerland) acting as arranger, agent and lender and a consortium of Swiss banks acting as lenders to refinance its existing financial indebtedness and to finance working capital needs and investments for the development of, among other things, hotel and tourism infrastructure in Andermatt.
The real estate development company is known for developing luxury alpine resorts in the zone of Andermatt with the ambition of transforming the region into a year-round prime alpine tourist destination.
Advestra acted as legal counsel to the Andermatt Swiss Alps in the transaction. The team included partners Alexander von Jeinsen (pictured), Alexander Fisch, Sandro Fehlmann and Fabian Loretan (all financing), Daniel Raun and Anna Capaul (both corporate/M&A) as well as Céline Martin (tax).
Niederer Kraft Frey advised Credit Suisse Switzerland acting as arranger, agent and lender and a consortium of Swiss banks. The NKF team was led by M&A/finance partner Philip Spoerlé, working with associate Selim Lötscher, junior associate Carlotta Ulmer and student trainee Robin Weissenrieder (all M&A/finance), partner Andreas Vögeli and senior associate Oliver Zbinden (both Real Estate), as well as partner Markus Kronauer (tax).