Clearwater International Germany advises ante-Group on the refinancing of a syndicated bank loan
Clearwater International Germany has advised ante-Group, one of the leading family-owned wood industry companies in Europe, on the refinancing of their syndicated bank financing.
As part of the transaction, the financing costs were significantly reduced and an existing mezzanine financing gets repaid, whilst the number of lending banks were considerably reduced.
Founded in 1927, ante-Group is one of the leading family-run wood industry companies in Germany and Europe, with a revenue of €180m. With two locations in Germany, as well as in Poland, the company processes softwood (spruce, pine, larch, Douglas fir) for various wood products. The products of ante-Group are mainly used within the construction and packaging industries as well as for retail home and garden products.