Hamburg Commercial Bank participates in refinancing of Tank & Rast
GERMANY/HAMBURG – Hamburg Commercial Bank AG (HCOB) has participated in the refinancing of the Tank & Rast Group and provided a liquidity facility of €90 million. The total financing, which was arranged jointly with an international banking consortium, amounts to €583 million. Tank & Rast is a leading service provider along German motorways, operating over 400 service stations. In recent years, Tank & Rast has invested in extensive modernisation measures, including the expansion of the e-charging infrastructure at motorway service stations.
Hans Lötzer, Head of Project Finance at Hamburg Commercial Bank, said: “This transaction fits in perfectly with our strategic focus – supporting forward-looking infrastructure projects, which we have been doing throughout Europe for many years. We are delighted to continue supporting Tank & Rast as a client and to contribute to this financing.”
About Hamburg Commercial Bank
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany, that provides customized financing solutions for German and international companies. HCOB has a strong position in structured real estate and project finance and is a reliable financing partner for the shipping sector. Efficient and secure payment transaction services as well as innovative products for foreign trade complete the range of services. The bank is guided by established ESG criteria and operates from several locations in Germany as well as in Amsterdam, London, Luxembourg and Piraeus. For more information, please visit www.hcob-bank.com.
About Tank & Rast
Tank & Rast is the leading provider of catering, retail, hotel, fuel and fast-charging infrastructure on Germany’s motorways. Together with franchise partners, Tank & Rast operates around 360 petrol stations and over 400 service stations (including approx. 50 hotels) on the German motorway network and over 20 locations next to the motorway. Around 500 million travellers visit Tank & Rast’s service facilities every year, which are known for their consistent customer focus and high service quality. With its electric mobility brand mblty, Tank & Rast is expanding its offering to include an integrated system of charging infrastructure (CPO) and end customer services (EMP) – including digital access solutions such as the mblty app – and is thus actively shaping the mobility of the future.
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