Herter & Co. has advised publicly listed FRIWO AG on the refinancing of its existing bilateral financing facilities through a new syndicated loan.
“In order to ensure the financing for our future growth and continuous execution of our transformation program, which was initiated in 2019, we have successfully rearranged and simplified our debt financing structure. Herter & Co. provided us with professional support throughout the whole process, including the determination of an appropriate financing structure, negotiations and communication with financing parties, finalization of documentation as well as closing support. The new structure, which was set up with the German house banks, taking into account local foreign financing partners and requirements, offers us as an internationally operating corporate group financial security for the upcoming years. In addition, it also ensures comfortable liquidity for realizing our national and international growth plans. “, said Ulrich Lammers, CFO at FRIWO.
The new financing is provided by a group of banks led by Commerzbank.
FRIWO is a manufacturer of high-quality power supply solutions, charging technology and digital control devices.
Herter & Co. acted as Sole Debt Advisor to FRIWO.
