Bekaert has successfully completed a €250 million ESG-linked Schuldschein financing transaction, attracting strong demand from a diversified group of international investors and achieving an oversubscribed order book.
The financing consists of 3-year and 5-year tranches and will contribute to the refinancing of existing debt, including upcoming debt maturities, while further diversifying Bekaert's funding sources and extending its debt maturity profile. The strong investor interest enabled Bekaert to secure the targeted amount on attractive terms. The transaction further strengthens Bekaert's financial flexibility, supporting ongoing investments in growth, innovation and sustainability.
The transaction incorporates a sustainability-linked pricing mechanism tied to Bekaert's environmental objectives, including targets related to greenhouse gas emissions, water consumption and waste reduction, further integrating sustainability considerations into the Group's financing strategy.
Alexandre Schmid, VP Tax and Treasury, commented: "We are very pleased with the strong support received from investors. The success of this transaction demonstrates continued confidence in Bekaert's strategy, financial profile and long-term prospects. This Schuldschein financing strengthens our liquidity position, supports the refinancing of upcoming debt maturities and further broadens our access to diversified sources of funding. We thank ING Bank and BNP Paribas, acting as co-arrangers, for their valuable support in the successful execution of this transaction."