Kion Group €1.5 billion refinancing

Overview:

• Kion Group refinanced its existing  €1.693 billion debt, entering into a new €1.5 billion syndicated loan agreement.
• German forklift truck manufacturer Kion's new senior facilities agreement comprises a €1.15 billion revolving credit facility maturing in February 2021 and a €350 million fixed-term tranche B loan maturing in February 2019.
• Kion repaid its previous debt - a revolving credit facility of €1.243 billion and €450 million corporate bond - with funds drawn down under its new loan. 

Ben Naylor - Regional Editor