{"id":2397,"date":"2021-10-06T09:49:20","date_gmt":"2021-10-06T07:49:20","guid":{"rendered":"https:\/\/herter.oms-smart.de\/?p=2397"},"modified":"2021-12-21T17:29:47","modified_gmt":"2021-12-21T16:29:47","slug":"herter-co-advises-the-eew-group-on-the-restructuring-and-expansion-of-its-corporate-financing","status":"publish","type":"post","link":"https:\/\/herter.oms-smart.de\/en\/herter-co-advises-the-eew-group-on-the-restructuring-and-expansion-of-its-corporate-financing\/","title":{"rendered":"Herter &#038; Co. advises the EEW Group on the restructuring and expansion of its corporate financing"},"content":{"rendered":"<p>Herter &amp; Co. advised the EEW Group \u2013 the large-diameter pipe manufacturer \u2013 on the refinancing and expansion of its existing financing. The transaction volume amounts to approximately \u20ac600 million and comprises revolving cash credit facilities and bonding facilities. A new tranche of \u20ac180 million to finance the company&#8217;s growth was supported by a guarantee from the German federal government and two German states.<\/p>\n<p>&#8220;The new financing structure gives EEW Group the opportunity to finance the high growth, especially in the offshore wind business, and to expand further on a secure financing basis. For example, we are currently in the process of building a new plant in the U.S.&#8221; said Christoph Schorge, CEO of the EEW Group. &#8220;Our debt advisor Herter &amp; Co. helped developing the financing structure, led the negotiations with many parties, managed the government backed guarantee process and thus contributed significantly to the success of the project,&#8221; adds Ralf Pulverich, CFO of the EEW Group.<\/p>\n<p>The syndicated loan is provided by a consortium of long-standing principal banks. In addition, further guarantee credit lines have been agreed with credit insurers.<\/p>\n<p>As the world market leader in the production of large-diameter pipes, the EEW Group offers solutions for offshore and onshore construction, process- and line pipes at 6 locations worldwide and with more than 2,000 employees. As a strong partner, the EEW Group realizes projects of all sizes in various industries including (i) offshore wind-, gas- &amp; oil, (ii) onshore oil, gas &amp; chemical, (iii) power plant construction, (iv) LNG\/LPG and (v) for the construction industry.<\/p>\n<p>Herter &amp; Co. acted as Sole Debt Advisor to the EEW Group.<\/p>\n<p>Source: Vattenfall<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-2389\" src=\"https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-1024x768.jpg\" alt=\"Quelle: Vattenfall\" width=\"1024\" height=\"768\" srcset=\"https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-1024x768.jpg 1024w, https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-300x225.jpg 300w, https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-768x576.jpg 768w, https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-1536x1152.jpg 1536w, https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2021\/10\/eew-gruppe-quelle-vattenfall-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Herter &amp; Co. advised the EEW Group \u2013 the large-diameter pipe manufacturer \u2013 on the refinancing and expansion of its existing financing. The transaction volume amounts to approximately \u20ac600 million&#8230;<\/p>\n","protected":false},"author":2,"featured_media":2389,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[118,120,115,119,116,117,108],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Herter &amp; Co. advises the EEW Group on the restructuring and expansion of its corporate financing - Herter &amp; Co<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Herter &amp; Co. advises the EEW Group on the restructuring and expansion of its corporate financing - Herter &amp; Co\" \/>\n<meta property=\"og:description\" content=\"Herter &amp; Co. advised the EEW Group \u2013 the large-diameter pipe manufacturer \u2013 on the refinancing and expansion of its existing financing. 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