Frankfurt, 01 July 2015. The HCS Group GmbH has successfully concluded its refinancing. The restructured financing has a volume amounting to € 170 million and a duration of five years.
“The new financing structure provides a solid foundation for the HCS Group’s planned strategic development during the coming years. The separate financing of the subsidiaries in Germany and the UK has been replaced by refinancing at Group level. This enables us to further increase our Group’s depth of integration and create the conditions for future growth. In addition, we were able to reduce the financing costs significantly,” says Peter Stubbe, CFO of the HCS Group.
“We are really satisfied with the result of the refinancing. We were particularly pleased about the considerable interest from the banking sector, because it demonstrates the banks’ approval for our strategy,” says the HCS Group’s delighted CFO, Peter Stubbe. “We are continuing to evolve rapidly into an international customer-orientated specialty chemicals company.”
The refinancing was completed with a consortium of internationally operating banks led by the Commerzbank AG.
About the HCS Group
The HCS Group is one of the leading manufacturers of specialty chemicals and solutions in the hydrocarbons sector. The Group includes the brands Haltermann Carless and ETS Racing Fuels. The HCS Group belongs to H.I.G. Europe, a subsidiary of the US private equity company, H.I.G. Capital.