Gleiss Lutz has advised United Internet AG on its new KfW-funded EUR 260 million syndicated loan to finance green IT applications.
The term loan facility is being provided by an international consortium of banks led by IKB Deutsche Industriebank AG and issued under KfW’s “Climate Protection Initiative for Businesses – Green IT Module” (funding programme 293). The programme supports investments in environmentally sustainable ICT-related products and services.
United Internet is a leading European internet specialist, with brands such as 1&1, GMX and WEB.DE, roughly 29 million paid accounts, over 38 million ad-financed free accounts and around 11,000 employees.
Gleiss Lutz regularly advises the United Internet Group on large-volume syndicated loans as well as takeover and project financings, most recently in 2025 on the financing of its voluntary public acquisition offer for 1&1 AG in the form of a partial offer.
The following Gleiss Lutz team advised United Internet AG on all relevant aspects of the financing: Frank Schlobach (partner, lead), Dr. Katja Lehr (counsel), Yvonne Burkhardt (all Banking & Finance, all Frankfurt).
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