HeidelbergCement’s €2 Billion Sustainability-Linked Refinancing

Hengeler Mueller advised HeidelbergCement on the transaction.

HeidelbergCement has signed a sustainabiliy-linked multicurrency revolving credit facility with an international bank syndicate in the amount of EUR 2 bn.

The interest rate is linked, among other things, to the reduction of emission values which have been agreed with the banks. Bank of America, BNP Paribas, Citibank, Commerzbank, Danske Bank, Deutsche Bank, ING, Intesa Sanpaolo, Landesbank Hessen-Thüringen, Morgan Stanley, Skandinaviska Enskilda Banken and Standard Chartered acted as coordinators, bookrunners and mandated lead arrangers.

HeidelbergCement is one of the world’s largest manufacturers of building materials and has been contributing to progress for 150 years. The products are used in the construction of houses, traffic routes, commercial and industrial facilities.

The Hengeler Mueller team included partner Johannes Tieves (Picture) and counsel Peter Dampf (both Financing, Frankfurt).

Involved fees earner: Peter Dampf – Hengeler Mueller; Johannes Tieves – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: HeidelbergCement;

Federica Tiefenthaler

Author: Federica Tiefenthaler