Luther advises global leading fintech SumUp on the Luxembourg law aspects of its €1.5 billion private credit loan

SumUp is a London-based payment solutions and point of sale systems provider, with over four million businesses in 36 markets worldwide currently using its services. Its products and services include card readers, point of sale systems and payment services software. The €1.5 billion loan will be used to refinance existing debt and give SumUp firepower to continue its global expansion. The new SumUp investors are AllianceBernstein, Apollo Global Management, Arini, Deutsche Bank AG, Fortress Investment Group, SilverRock Financial Services, and Vista Credit Partners. They join existing investors such as funds managed by BlackRock, Crestline Investors, Liquidity Capital, Oaktree Capital Management, Sentinel Dome and Temasek, with Goldman Sachs leading the private credit debt deal.

The Luther Luxembourg team for the transaction included Bob Scharfe (Partner), Marion Lanne (Senior Associate), Georgios Patsinaridis (Managing Associate), Rafaella Gavrielidou (Associate) and Yassine Bouzetit (Associate).