Transaction

TRIMET Aluminium SE renews syndicated loan

July 03rd, 2015

Herter & Co. has advised TRIMET Aluminium SE on the renewal and amendment of its syndicated loan and other existing loan agreements. The new syndicated loan amounts to €120m and provides the Group with long-term financing security at attractive conditions.

“Based on the strong operating performance of TRIMET, we have closed a very successful refinancing. Aside from pricing, improving operational flexibility in relation to the credit documentation has been a primary focus of ours. Thanks also to the excellent support and services provided by Herter & Co., we have achieved all the goals we had set ourselves for this transaction”, said Martin Söffge, Chief Financial Officer of TRIMET Aluminium SE.

Lead-managed by a consortium of 4 German and international banks, the syndicated loan facility is provided by 9 banks in total.

With ca. 2,900 employees and an annual production capacity of 730kt, the TRIMET Group is the largest producer of aluminium in Germany. In its last fiscal year, the Company generated revenues of more than €1.7bn.

Herter & Co. acted as Sole Debt Advisor to TRIMET.