Messer SE & Co. KGaA / Messer completes refinancing for…
Messer completes construction loan refinancing within 12 months (PHOTO) Bad Soden (ots) – In November, Messer, the world’s leading private specialist for industrial, medical and specialty gases, presented its -out short-term construction loan left over from foreclosure. all shares in Messer Industries of 500 million euros fully refinanced through long-term instruments.
Just one year earlier – on November 13, 2023 – Messer had taken out short-term construction loans worth 900 million US dollars and 1,450 million euros to finance part of the shares acquired in Messer Industries from minority owner CVC Capital Partners. These loans have already been refinanced up to 500 million euros with business placements in US dollars in March 2024 and promissory note loans in euros in July 2024.
Messer was now able to conclude another 272 million euros as private placements with terms of ten and twelve years. In addition, promissory note loans with terms of three and five years of 200 million euros were issued. The rest was repaid from cash.
Helmut Kaschenz, Messer’s Chief Financial Officer, says: “We are very pleased that we were able to refinance the construction loans on a long-term and full basis within a year. “We were able to execute the final step of our acquisition strategy. Refinancing the bridge creates more flexibility to support future growth.”
Press release:
Diana BussSenior Vice President Corporate CommunicationsTel.: +49 2151 7811-251Mobil: +49 173 540 5045E-Mail: mailto:[email protected]
Angela GiesenManager CommunicationsTel.: +49 2151 7811-331Mobile: +49 174 328 1184E-Mail: mailto:[email protected]
More material: http://presseportal.de/pm/152902/5912727OTS: Messer SE & Co. KGaA
2024-11-20 09:10:00
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How did Messer’s refinancing decisions align with broader industry trends, and what lessons can other companies in similar sectors learn from their approach?
Guest 1:
1. Can you tell us more about the strategic importance of refinancing Messer’s construction loans within a year of taking them out? How did it help the company achieve its growth objectives?
2. How did the company manage to secure long-term financing for the construction loans amidst economic uncertainties? What factors contributed to this success?
3. What challenges did Messer face during the refinancing process, and how did the company overcome them? Would you say that the experience of navigating through this process has made the company stronger or more resilient?
4. Can you provide some insights into the future plans for Messer Industries now that the construction loans have been fully refinanced? Will there be any major investments or expansions in the near future?
5. In your opinion, what advice would you give to other companies looking to refinance their long-term debts during times of economic volatility? What key lessons can they learn from Messer’s experience?
Guest 2:
1. Can you discuss the role of alternative financing instruments in the successful refinancing of the construction loans by Messer? Which ones did they use and why?
2. How do you see the impact of this refinancing on the overall creditworthiness of Messer Industries? Do you foresee any improvements in their credit rating or access to capital markets?
3. What factors do you think led to the high demand for the private placements and promissory note loans issued by Messer? Were there any unique selling points or features of these instruments that attracted investors?
4. How do you evaluate Messer’s financial management during the acquisition strategy of Messer Industries? Were there any risks associated with the high debt levels taken on during the process?
5. Do you think there is room for further consolidation in the industrial gas sector? And if so, how can companies like Messer position themselves to remain competitive in a potentially crowded market?
