GRAMMER AG Completes Refinancing Amid Market Challenges

GRAMMER AG has secured long-term financing through new syndicated loans totaling EUR 260 million. The company accessed the Chinese financing market despite challenging conditions. This refinancing supports GRAMMER's business strategy and offers improved credit maturity and favorable terms.

The structure includes a syndicated loan from five Chinese banks and a revolving working capital loan from five German banks. Earlier, GRAMMER refinanced a loan tranche with KFW by a EUR 200 million bilateral credit from China. Subordinated loans from Ningbo Jifeng amounting to EUR 70 million also contribute to the mix, with maturities between 2.5 and 3 years.

CFO Jurate Keblyte expressed gratitude towards lenders and the main shareholder, emphasizing the financing security for strategy execution.