Skip to main content

Herter & Co. advises Webasto SE on its full refinancing

By 24. October 2022January 27th, 2023No Comments

Herter & Co. advised Webasto SE (“Webasto”) on the recently closed full refinancing of existing credit lines and new financing instruments with a total volume exceeding EUR 1 billion.

As part of the financing, the EIB’s Green Loan supports Webasto’s efforts to further advance climate-neutral mobility for the future. Projects that attract green financing must contribute to cutting CO2 emissions, improving supply security, and combating climate change. Moreover, they must prove that they are doing so on a continuous basis.

Arne Kolfenbach, CFO of Webasto: “With the successful conclusion of the Green Loan as well as the refinancing and expansion of our credit lines, we are enlarging the circle of our financing partners and securing the necessary financial leeway to be able to solidly implement our business strategy in the years to come. With Herter & Co., we had a strong partner at our side throughout the entire process.”

The Webasto Group is a global innovative systems partner of the mobility industry and one of the 100 largest suppliers to the automotive industry worldwide. The company’s product range includes in-house developed roof, heating, and cooling systems for several types of vehicles, batteries and charging solutions for hybrid and electric vehicles, as well as complementary services related to thermal management and electromobility. Webasto’s customers include automotive, commercial vehicles and marine manufacturers, as well as dealerships and end customers. In 2021, the Group generated sales of EUR 3.7 billion and employed around 15,700 people in more than 50 locations. The headquarters of the company, founded in 1901, is located in Stockdorf near Munich.

Herter & Co. acted as sole debt advisor to Webasto.