Hamburg Commercial Bank participates in refinancing of Currenta Group
HAMBURG – Hamburg Commercial Bank (HCOB) has participated as mandated lead arranger in a financing for Currenta Group totalling EUR 1.265 billion. The transaction comprises a EUR 1 billion bond issuance to repay existing liabilities and two super senior credit facilities with a total volume of EUR 265 million. The latter were provided by HCOB together with an international banking consortium.
Currenta is Germany’s largest independent chemical, pharmaceutical and industrial park operator with sites in Leverkusen, Dormagen and Krefeld-Uerdingen. HCOB has been a financing partner to the Currenta Group since 2019.
“We are delighted to further expand our existing business relationship with Currenta and Macquarie Asset Management with this financing,” says Hans Lötzer, Head of Project Finance at HCOB. “The company has been successfully operating one of Europe’s largest chemical parks for 150 years and has outstanding expertise.”
“This comprehensive, long-term bond and bank refinancing replaces the existing bank group financing and provides Currenta financing security for the coming years”, says Wolfgang Homey, CFO of Currenta. “We are delighted that HCOB has supported us in this transaction.”
HCOB has extensive experience in financing infrastructure and renewable energy projects and, in addition to traditional financing, also offers construction, bridge and acquisition financing in Germany and Europe. With a portfolio of EUR 4.4 billion (December 31, 2024) and a new business volume of EUR 1.2 billion in 2024, HCOB is well positioned in the project finance segment and is aiming for further growth. The bank focuses on broad diversification across asset classes, maturities, and countries.
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 European 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 Currenta:
Currenta is based in Leverkusen, Germany and is the operator of Germany’s largest independent chemical, pharmaceutical and industrial parks by net sales (c. EUR 2.3 billion in 2024). Currenta provides critical infrastructure and services to its clients within the three integrated production sites in Leverkusen, Dormagen and Krefeld-Uerdingen; collectively, the “CHEMPARK”. These sites are located in geographical proximity to each other along the Rhine River in North Rhine Westphalia, Europe’s chemical heartland. Currenta has a diversified blue-chip customer base, servicing over 70 on-site customers and a total of approximately 200 production plants and hosting a total of approximately 51,000 of the customers’ employees (December 31, 2024) across the CHEMPARK. Since 2019, Currenta is 100% owned by Macquarie.
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