Luther advises TRIMET Group on the renewal of its syndicated loan

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.

Luther has already advised TRIMET on the initial conclusion of the syndicated loan agreement in 2013 and its early extension in 2015 and 2019.

About TRIMET:

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.

On behalf of TRIMET:

Luther, Banking and Capital Markets: Christoph Schauenburg (Partner), Stefan Jokel (Senior Associate)