credX’s digital marketplace for debt capital

Heuking Kühn Lüer Wojtek, advised credX on establishing a digital marketplace for debt capital.

At its start, Deutsche Telekom issued a borrower’s note loan with a volume of EUR 50 million and a ten-year term to insurance companies of AXA Group.

Acting as a neutral intermediary, credX enables private placements of bonds, promissory notes, and loans, providing an alternative to placement by banks. Members of the new platform will be able to initiate, negotiate, close, and coordinate issues and loan applications. Issuers with good to very good credit ratings and professional investors can now register with credX.

Cologne-based credX AG is a regulated financial services institution; it is subject to the relevant laws such as the German Securities Trading Act, the Banking Act, and the Anti-Money Laundering Act and is supervised by the Federal Financial Supervisory Authority BaFin. The company, led by Ralf Kauther, Phillip Henrich, Lutz Johanning and Wolfram Klingler, is based in Köln.

Heuking Kühn Lüer Wojtek advised credX AG with a team including Thorsten Kuthe (Lead Capital Markets – Picture), Markus Rabe (Lead Banking Supervisory Law), Meike Dresler-Lenz (Capital Markets) and Lutz Martin Keppeler (Data Protection).

Involved fees earner: Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Meike Dresler-Lenz – Heuking Kühn Lüer Wojtek; Markus Rabe – Heuking Kühn Lüer Wojtek; Lutz Martin Keppeler – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: credX AG;