Herter & Co. advised TRIMET Aluminium SE on the replacement and expansion of its existing financing agreements. The total transaction volume amounted to €135m with maturities of 3-5 years. Amongst others, the transaction secured the refinancing of maturing promissory loan notes.
“The new structure lays a solid financial foundation for the continued success of TRIMET over the next years. We were able to take advantage of an attractive financing environment and thus achieved attractive conditions while at the same time standardizing our credit documentation. Herter & Co. contributed significantly to this strong result.” said Martin Söffge, Chief Financial Officer of TRIMET Aluminium SE.
The Group’s new financing is provided by a total of 10 banks and lead-managed by a consortium of 4 German and international banks.
Headquartered in Essen, Germany, TRIMET SE is Germany’s largest aluminium producer with revenues of more than €1.2bn and c. 1,900 employees.
Herter & Co. acted as Sole Debt Advisor to TRIMET.