Kalle Group concludes long-term financing to support its growth strategy

Kalle Group has successfully concluded a long-term refinancing package of EUR-equivalent 290 million.

With strong support by Kalle Group’s stakeholders, including by investment firm CD&R, its principal shareholder, the existing capital structure has been fully replaced by a new financing until 2031/32, which provides Kalle with great flexibility for the continuation of its strategic development and to take advantage of profitable growth opportunities in the future on the basis of a significantly strengthened balance sheet.

“Just over a year after the inauguration of our new 4^th sponge cloth production line in Wiesbaden, we are excited to achieve the next milestone. In recent years, we have continued to develop and grow our business in a targeted manner, even in times of changing market dynamics. The long-term financing establishes a platform for new opportunities. Our thanks go to everyone involved, and we are proud of everyone at Kalle to achieve this important milestone”, Torben Müller and Siegfried Weber, Co-CEOs of Kalle Group stated.

“With the successful refinancing, we are in a solid financial position to continue the next phase of our growth. The refinancing in the current market environment is a sign of confidence in our strategy and the performance of Kalle. Personally, it is a great milestone having joined the Kalle Executive Team roughly one year ago”, Stefanie Schum, CFO of Kalle Group, added.

You can download the complete press release here.