Chane has successfully closed a landmark refinancing transaction totalling €1.3 billion, marking a significant milestone in the company’s long-term growth strategy. This refinancing enhances Chane’s financial foundation and positions the company for its next development phase. The transaction received robust support from both banks and institutional investors, resulting in an oversubscription of approximately 2x. Such demand indicates strong investor confidence in Chane’s solid fundamentals and unique credit profile.
The refinancing also includes several notable milestones for Chane, such as:
– The first issuance of investment-grade rated US Private Placement (USPP) notes
– The first issuance of USD-denominated debt
– The first issuance of 15-year tenor debt
This transaction represents a pivotal moment in Chane’s journey, with strong demand from both banking and institutional investors highlighting the market’s confidence in the company’s financial strength and distinct profile. With this solid platform, Chane is well-positioned to pursue its growth ambitions within the European liquid bulk storage market and expand its international presence in the coming years, setting a course for sustainable growth and long-term success, as noted by CFO Minoes Redert.
Chane received support from a strong group of advisers during the transaction, including DC Advisory as the sole financial advisor, NAB as the lead USPP agent, and legal counsel from Milbank (for the borrower) and Latham & Watkins (for the lenders).
For more information visit www.chane.eu
