CHG-MERIDIAN expands its sustainable funding: new ESG-linked syndicated loan underpinned by widespread investor confidence

The latest syndicated loan was coordinated by the sole lead arranger, Helaba. A total of 25 savings banks from nine different federal states across Germany took part in the financing arrangement. Besides existing investors, who increased their exposure, the Company was able to attract new investors and thereby further diversify its investor base. The involvement of savings banks from such a broad geographical spread is testimony to CHG-MERIDIAN’s reputation throughout Germany and the confidence with which its business strategy is viewed.

As with the previous three syndicated loans that CHG-MERIDIAN arranged with Helaba, this one is also ESG-linked.

In 2023 alone, CHG-MERIDIAN raised €385 million from sustainable funding, including ESG-linked syndicated loans, bonded loans, and direct loans that have a sustainability-linked component. In addition to the ESG-linked loan of €75 million from November 2023, two other sustainable syndicated loans of €100 million and €35 million were placed in June and November last year, along with an ESG-linked bonded loan of another €100 million in August 2023. The remaining funding of €75 million came from sustainable direct loans. The Company has successfully raised a total of €700 million in green funding from investors since 2021.