{"id":2473,"date":"2022-01-10T15:40:01","date_gmt":"2022-01-10T14:40:01","guid":{"rendered":"https:\/\/herter.oms-smart.de\/?p=2473"},"modified":"2022-01-10T17:12:49","modified_gmt":"2022-01-10T16:12:49","slug":"herter-co-advises-tristone-group-on-its-refinancing","status":"publish","type":"post","link":"https:\/\/herter.oms-smart.de\/en\/herter-co-advises-tristone-group-on-its-refinancing\/","title":{"rendered":"Herter &#038; Co. advises Tristone Group on its refinancing"},"content":{"rendered":"<p>Herter &amp; Co. has advised Tristone Flowtech Group (\u201cTristone\u201d) on a first-time EUR 80 million 5-year multi-currency syndicated loan facility. It will be utilized over the next two years to provide the required financing to support the Group\u2019s global expansion strategy.<\/p>\n<p>\u201cDespite our strong growth in the segment of battery cooling, we were very aware of the challenges automotive suppliers are currently facing in the financing market. We therefore mandated Herter &amp; Co. to support us in identifying the right partners and coordinating the financing process\u201d, said Sonja Rossteuscher, Chief Financial Officer at Tristone.<\/p>\n<p>The facility will reliably fund Tristone\u2019s growth both within Europe as well as in the important expansion markets of USMCA and China. This new larger facility allows Tristone to focus on business optimization and growth with strong funding partners secured.<\/p>\n<p>Tristone, a globally leading automotive supplier, is highly specialized in fluid applications for battery and engine cooling as well as aircharge systems. The Group benefits from the continuing megatrends in the automotive industry towards reduced fuel consumption and light-weight manufacturing as supported by the introduction of polyamid materials and new powertrain concepts used in hybrid and electrical cars alike.<\/p>\n<p>In 2020, Tristone reached an annual turnover of EUR 322 million and employed 6.090 people at manufacturing and development locations in China, Czech Republic, France, Germany, India, Italy, Mexico, Poland, Slovakia, Spain and Turkey.<\/p>\n<p>Herter &amp; Co. acted as sole debt advisor to Tristone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2483\" src=\"https:\/\/herter.oms-smart.de\/wp-content\/uploads\/2022\/01\/tristone-2-e1641830477144.png\" alt=\"\" width=\"168\" height=\"105\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Herter &amp; Co. has advised Tristone Flowtech Group (\u201cTristone\u201d) on a first-time EUR 80 million 5-year multi-currency syndicated loan facility. It will be utilized over the next two years to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[102,150,149,148],"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 Tristone Group on its refinancing - 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 Tristone Group on its refinancing - Herter &amp; Co\" \/>\n<meta property=\"og:description\" content=\"Herter &amp; Co. has advised Tristone Flowtech Group (\u201cTristone\u201d) on a first-time EUR 80 million 5-year multi-currency syndicated loan facility. 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