Herter & Co. – Teneo Capital Advisory successfully advises SURTECO GROUP SE on the extension of its existing financing through 2029
Herter & Co. – Teneo Capital Advisory, as exclusive financial advisor, has successfully supported SURTECO GROUP SE (SURTECO) over the past several months in negotiations with its financing partners to secure its long-term financing. As a result, an agreement was reached that sustainably secures the existing financial liabilities for a period of three years until the end of 2029.
In this context, the preparation of an expert opinion based on the IDW S6 standard was commissioned. On this basis, SURTECO, with the support of Herter & Co. as well as the syndicate banks and promissory note holders, was able to agree on measures to strengthen its asset, earnings and financial position through 2029.
The financing consists of a syndicated loan comprising a €179m term loan and a €30m RCF, as well as promissory note loans totaling €184.5 million. The agreed upon financing solution builds on the existing group structure and secures its financing for the coming years.
With the successful completion of this process, SURTECO strengthens its financial stability and gains additional flexibility to drive the company’s strategic development in a focused manner.
About SURTECO:
SURTECO GROUP SE, headquartered in Buttenwiesen, is a mid-sized, internationally active listed company. The company brings together leading national and international brands in surface technology under one roof. In addition to printed decorative papers, release papers, decorative surface foils and edge bands based on technical specialty papers and plastics, its extensive product portfolio also includes plastic skirting boards, technical profiles for industry, roller shutter systems and coated textiles. In 2025, the Group generated annual revenue of approximately €821 million with around 3,700 employees at 24 production sites worldwide. SURTECO Group’s customers are primarily drawn from the wood-based materials, flooring and furniture industries, as well as the interior fit-out sector.