EY advised SURTECO GROUP SE on the successfully refinancing of the bridge loan for the acquisition of the OMNOVA business units

SURTECO GROUP SE has signed and closed a EUR 230m syndicated loan with a consortium of banks, with €30 million in revolving credit facilities (RCF) replacing some existing RCF. The term of the refinancing is 3 years, with a two-time extension option of one year each. The successful refinancing allows SURTECO GROUP SE to focus on implementing their strategy and strengthening their earnings power.

SURTECO GROUP SE is a mid-sized holding company with international operations, manufacturing products at 26 locations worldwide and employing approximately 3,800 people.

EY has advised and supported SURTECO GROUP SE to develop a suitable debt structure, prepare the RfP / information package, negotiate the term sheet and loan documents commercially until closing of the transaction.  EY’s capital and debt advisory team was led by Peer Macketanz, supported by Björn Wala, Joschka Kibbel and Felix Lewinsky.