“This successful refinancing is yet another vote of confidence in HES executing upon its strategy to further strengthen its position as a leading European multi-purposes bulk terminal operator. We are delighted and welcome a group of reputable financing partners, which comprise of relationship bank lenders and institutional investors, including new partners from our debut US private placement issuance of EUR 553 million, who will support us on our journey over the next 5 to 10 years”, said CEO and chairman of the executive board, Cees van Gent.
The facilities raised will be used to repay the existing group financing that is maturing in March of 2025. In addition, a CapEx facility of EUR 150 million has been secured to, amongst others, fund HES’ growth strategy.
HES recently filed its consolidated annual accounts for 2023, showing record-breaking EUR 178 million of normalised EBITDA (excluding exceptional items, 2022: EUR 153 million) and EUR 492 million in revenues (2022: EUR 471 million).
“HES’ ambitious long-term strategy is already yielding results. In addition, our commitment to partnering with customers to phase out thermal coal over time and diversify our portfolio is gaining momentum. We have a robust pipeline of commercial contracts and projects focused on green and sustainable commodities, reflecting our proactive approach towards a more environmentally conscious future.”, according to Cees van Gent.
For more information visit www.hesinternational.eu
