Luther Rechtsanwaltsgesellschaft has advised TRIMET Group on the deal.
The TRIMET Aluminium SE and other companies of the TRIMET Group announced the renewal of the existing syndicated loan with a simultaneous increase to EUR 250 million.
The newly concluded syndicated loan agreement is structured as an ESG linked loan and is provided by a club of ten banks. For the first time, the syndicated loan reflected ESG criteria by linking the loan conditions to the achievement of defined sustainability targets. With this transaction, the TRIMET Group secures long-term financing security at attractive conditions ahead of the expiry of the syndicated loan agreement concluded in 2019.
Headquartered in Essen, Germany, TRIMET is the largest producer of aluminium in Germany. In the past financial year, the Group generated sales of more than EUR 1.5 billion with approximately 2,300 employees.
The Luther team included Christoph Schauenburg (Picture – Partner), Stefan Jokel (Senior Associate).
Law Firms: Luther Rechtsanwaltsgesellschaft mbH;
Clients: Trimet Aluminium SE;