For the fourth time, Herter & Co. has advised TRIMET Aluminium SE on the renewal and amendment of its syndicated loan. The new syndicated loan amounts to €250m and could be arranged at attractive conditions.
“The significantly increased financing volume provides us in these volatile times with the required financing security for the upcoming years while allowing for sufficient operational flexibility. We are thankful to our banking partners and are proud to attract new banks to TRIMET. Herter & Co. supported us throughout all phases of our financing process, including the preparation of key documents, new bank selection as well as final documentation.”, said Philipp Schlüter, CEO of TRIMET Aluminium SE.
The renewed and amended syndicated loan facility is provided by a club of ten banks. For the first time, an ESG-linked syndicated loan was structured reflecting TRIMET’s ongoing commitment to sustainability. Margins are linked to the achievement of specified sustainability goals.
With about. 2,300 employees and an annual production capacity of 765kt, the TRIMET Group is the largest producer of aluminium in Germany. In the fiscal year 2020/21, the Company generated revenues of ca. €1.5bn.
Herter & Co. acted as Sole Debt Advisor to TRIMET.
