16.4 C
Hamburg
Sunday, June 1, 2025
Home News Konecranes successfully places €300 million ESG-linked Schuldschein loan

Konecranes successfully places €300 million ESG-linked Schuldschein loan

Konecranes has successfully issued a Schuldschein loan, raising a total of €300 million.

The sustainability-linked loan has floating and fixed rate tranches with maturities until 2026, 2027 and 2030. The interest margin will be adjusted based on Konecranes’ EcoVadis ESG rating, currently ‘Gold’, and the company will seek to further improve Environmental, Social, and Governance (ESG) performance through the implementation of its sustainability strategy.

It should be noted that the issue was oversubscribed and strong investor demand allowed the company to raise the final amount to double the initial amount.

The transaction was supported by a section of German and international financial institutions and the proceeds will be used for refinancing and general corporate purposes.

“Our second Schuldschein loan issue strengthens our long-term financing structure and provides an important source of investor diversification, in addition to conveying our commitment to ESG by connecting our sustainability performance to financing”, said Konecranes’ Group Treasurer, Tomi Hintikka.

Commerzbank Aktiengesellschaft and Landesbank Hessen Thüringen (Helaba) acted as joint lead arrangers on the deal.

Meanwhile, Konecranes announced that Anders Svensson will start as president and CEO of the company on 19 October 2022. Svensson will take over his role, about 1.5 months earlier than previously announced.

The company had planned to host a Capital Markets Day in autumn 2022. As Anders Svensson joins the company in October, Konecranes has decided to move the Capital Markets Day to the first half of 2023, with the exact date expected to be announced later.





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!