on ElringKlinger AG (isin : DE0007856023)
ElringKlinger Secures €450 Million Syndicated Loan
ElringKlinger AG has successfully finalized a new syndicated loan worth €450 million, securing refinancing ahead of schedule. The agreement spans five years with standard market terms and includes an option to increase the loan by €100 million. This financial move, orchestrated with the help of a syndicate of seven banks led by Commerzbank, Landesbank Baden-Württemberg, and DZ Bank, aims to support ElringKlinger's SHAPE30 strategy.
CEO Thomas Jessulat emphasized the importance of the loan in maintaining financial flexibility amid global uncertainties. ElringKlinger, a long-standing player in alternative drive concepts, is focused on transforming its operations towards innovative technologies, aiming for over 50% of sales from non-combustion engine products by 2030.
R. E.
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