Climate and energy solutions provider Viessmann has announced its plans to invest one billion euros in the expansion of its heat pump and green climate solutions business over the next three years. To secure the necessary financing framework, Viessmann has signed a syndicated loan with a sustainability component. Mandated lead arrangers and bookrunners were Bayerische Landesbank, BNP Paribas S.A., DZ Bank AG, ING Bank, Landesbank Hessen-Thüringen Girozentrale and Unicredit Bank AG.
Hengeler Mueller advised Viessmann on the transaction. The team was led by partner Daniel Weiß (Financing, Frankfurt) and included partner Gunther Wagner (Tax, Munich), counsel Peter Dampf as well as associates Nükhet Tanrikulu (both Financing) and Sebastian Heinrichs (Tax) (all Frankfurt).