Trench Group GmbH, a global leader in the engineering and manufacturing of high-voltage power transmission components and systems, has successfully completed a comprehensive refinancing of its existing debt capital structure. The inaugural capital market debut received very high demand from institutional investors both domestically and internationally and was oversubscribed multiple times.
This step marks an important milestone for the company’s global growth strategy, following the successful carve-out and acquisition by Triton Partners on April 1, 2024.
The refinancing includes a long-term syndicated loan (Term Loan B) with a volume of €380 million, a revolving credit line of €130 million, and a guarantee line of €75 million.
The strong interest from investors led to an accelerated process, which allowed the company to benefit from current market conditions and to significantly reduce the interest margin to 350 basis points without any issuance discount.
The funds will be used, among other things, to refinance existing debt. Additionally, the new, still conservative financing structure will support the company’s growth trajectory, particularly through investments in production capacities as well as research and development.
Dr. Bahadir Basdere also added: “Since the carve-out in April 2024, we have been able to further strengthen our market position. We are more than ever a strategically important partner for all key players in the power generation and transmission industry. We have grown on average by about 15% per year over the past few years, and the new financing structure lays the foundation for further significant expansion opportunities. This ensures that we can continue to optimally supply our customers and are now well-positioned to reinforce our role as a mission-critical player in the power grid sector.”
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About Trench Group
Trench Group is a global technology leader for high-voltage grid components and systems, present in nearly every power transmission grid worldwide.
Headquartered in Berlin, with more than 100 years of engineering expertise, Trench Group designs and manufactures high-voltage components that address the core challenges of modern power infrastructure – connecting grids, measuring their performance and ensuring reliability.
As electricity demand rises and power grids transform worldwide, Trench Group is a key enabler of the infrastructure the world needs, with a portfolio that includes bushings, cable terminations, instrument transformers, coils and reactors.
Since its independence in April 2024, Trench Group has doubled its annual revenue to more than $1.1 billion.
The company operates 11 factories across 8 countries on 4 continents, employs more than 3,000 people – with plans to grow to 4,000 by 2030.
