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DC Advisory advises GETEC on its €3.1bn debt refinancing

Background

  • GETEC is a leading European provider of essential energy infrastructure solutions for communities and industries, operating at the forefront of the energy transition space, with a diversified customer base of approximately 1.5 million end-users
  • GETEC operates a diversified portfolio of over 12,000 assets across Germany, Italy, Switzerland, and Benelux, dedicated to offering innovative, efficient, and sustainable solutions with a focus on decentralized energy infrastructure and digitalisation

Process

  • DC Advisory was appointed as joint financial advisor by GETEC in connection with their debt refinancing in order to refinance the existing capital structure across a range of tranches and maturities
  • DC Advisory supported GETEC throughout the process and successfully delivered several detailed work streams, including overall process management, financial modelling, due diligence, hedging and documentation negotiations
  • DC Advisory positioned GETEC’s credit alongside utilities and market peers, securing an investment-grade rating for the new financing
  • DC Advisory conducted a competitive financing process, evaluating various structures and liquidity sources from European and US institutional investors and banks

Outcome

  • In August 2024, GETEC raised a total of € 3.1bn, optimizing its capital structure to establish a permanent financing platform tailored to its business model
  • The new financing includes a common terms investment-grade platform with longer and diversified tenors, reducing refinancing risk and providing GETEC with a more flexible structure to support its growth
  • The financing also further diversifies GETEC’s access to liquidity from bank lenders and European and US institutional investors
  • This transaction highlights DC Advisory expertise in the energy infrastructure solutions sector, and further strengthens the firm’s experience in advising on complex transactions

What to read next

Date
Sectors
  • Infrastructure
Deal type
  • Debt Advisory & Restructuring
Deal locations
United Kingdom
Deal team
Co-Head of DC Advisory’s Global Infrastructure Group
Director
Director
UN SDG Activity
  • GOAL 7: Affordable and Clean Energy
Actions
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