Frankfurt am Main - Luther Lawfirm advised TRIMET Aluminium SE and other companies of the TRIMET Group on the renewal of the existing syndicated loan and its increase to EUR 140 million. With this transaction, the TRIMET Group secures long-term financing security at attractive conditions before the end of the syndicated loan agreement concluded in 2015.
The newly concluded syndicated loan was structured under the leadership of five German and international banks. The new and adjusted credit line will be provided by seven existing syndicate partners and two new banks.
Luther already advised TRIMET on the initial conclusion of the syndicated loan agreement in 2013 and its early extension in 2015.
Headquartered in Essen, Germany, TRIMET is the largest producer of aluminium in Germany. In the past fiscal year, the group generated sales of more than 1.5 billion euros with approx. 2.300 employees.