Herter & Co. advises KAEFER Isoliertechnik GmbH & Co. KG on KfW add-on financing
Herter & Co. has advised KAEFER Isoliertechnik GmbH & Co. KG (“KAEFER”) on a new €45m facility provided by Kreditanstalt für Wiederaufbau (“KfW”) under one of its coronavirus aid programs together with members of the existing syndicated loan consortium.
With a maturity of two years, the financing bolsters liquidity as precautionary measure in case of unforeseen developments in connection with COVID-19.
“While we have shown strong resilience in the face of the current crisis, the new financing gives us additional headroom in times of uncertainty. Herter & Co. was an important partner for us during the whole process”, said Steen E. Hansen, Co-CEO of KAEFER.
Family-owned KAEFER is a global service provider of insulation, access solutions, surface protection, and passive fire protection (IASP).
Herter & Co. acted as sole debt advisor to KAEFER.