News
June 2020

Argonas advises Global Retool Group by adding “Corona-Financing”

ARGONAS Corporate Finance Advisors („ACF“) has advised Global Retool Group (“GRG”) on the amendment of its existing syndicated loan financing by adding a “Corona-Financing” tranche.

GRG is an internationally active specialist in the area of machine tools and production equipment with focus on the segments “Overhauling & Retrofit”, “Retooling”, “Fixtures & Automation” as well as selected special machinery, in particular in the area of grinding technology.

With revenues of about EUR 90mn in  2019 and with a footprint in Europe, the US and China, GRG belongs to the leading players in its market.  In light of the expected impact of the Corona crisis on the market segments relevant for GRG, the existing group financing structure has been extended by about EUR 10mn of new loans, utilizing the public “Corona-Programmes” of KfW.

ACF acted as exclusive debt advisor to GRG, providing advice and support on the structuring and implementation.