Hengeler Mueller advises HeidelbergCement on EUR 2bn sustainability-linked refinancing

HeidelbergCement has signed a sustainabiliy-linked multicurrency revolving credit facility with an international bank syndicate in the amount of EUR 2 bn. The interest rate is linked, among other things, to the reduction of emission values which have been agreed with the banks. Bank of America, BNP Paribas, Citibank, Commerzbank, Danske Bank, Deutsche Bank, ING, Intesa Sanpaolo, Landesbank Hessen-Thüringen, Morgan Stanley, Skandinaviska Enskilda Banken and Standard Chartered acted as coordinators, bookrunners and mandated lead arrangers. 

Hengeler Mueller advised HeidelbergCement on the transaction. The team included partner Johannes Tieves and counsel Peter Dampf (both Financing, Frankfurt).