Confidence and stability: Siempelkamp concludes debut syndicated loan with proven banking partners

Krefeld, 05. November 2024 – Financial security thanks to resilience in challenging times: At the end of September, the Siempelkamp Group concluded its first syndicated financing agreement for 250 million euros. The company and its banking partners are thus switching from bilateral to syndicated financing – a sign of the strong confidence in Siempelkamp’s strategy.

“In times of generally cautious economic forecasts, we’re consistently investing in our transformation and the expansion of our technology leadership for the benefit of customers, partners and employees. Siempelkamp has been operating successfully in its global markets for more than 140 years and has been able to secure customer confidence for the long term. The fact that we’re able to convince our banking partners of the strength of our vision and strategy in the current climate is proof of our ability to continue our success into the future,” said Siempelkamp’s CEO Martin Scherrer.

With the newly agreed syndicated financing, the Siempelkamp Group is continuing to build on long-established banking partnerships. The lead banks are the proven partners Deutsche Bank and Commerzbank. The consortium also includes LBBW Landesbank Baden-Württemberg, Bayern LB and UniCredit. Siempelkamp’s CFO Martin Sieringhaus: “We’re really delighted that our banking partners are accompanying our group on its path into a successful future. This means that we’re perfectly equipped to invest in the transformation of our organization, our digitalization strategy and growth in our long-established and new markets, among other things.”