Jungheinrich secures the first syndicated loan and strengthens financial flexibility
Jungheinrich is optimising its financing strategy with a syndicated credit line of €400 million. The long-term financing creates additional room for corporate growth and the implementation of the Group strategy.
Hamburg – Jungheinrich AG has successfully concluded the first syndicated loan in the company’s history. With a syndicated credit line of €400 million and an option to increase by €200 million, Jungheinrich is strengthening its financial base and increasing its room for manoeuvre to implement the Group strategy.
“With the syndicated financing, we are expanding our strategic financing instruments and securing long-term funding at attractive conditions in an increasingly challenging market environment. This significant debut transaction offers us attractive terms and comes without financial covenants. The associated expansion of our liquidity reserve will provide us with additional flexibility in implementing our Group strategy and enable us to achieve our growth targets more efficiently,” explains Dr Volker Hues, Member of the Board of Management, Finance, Jungheinrich AG.
The syndicated credit line has a term of five years and can be extended by a further two years. The transaction was coordinated by Commerzbank Aktiengesellschaft and BNP Paribas S.A. and implemented within the company’s long-standing circle of house banks. Jungheinrich AG was legally advised by Linklaters LLP.
