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Berlin, 5 January 2023 - Trailstone Group (“Trailstone”) is pleased to announce the successful signing of its EUR 430,000,000 multicurrency secured uncommitted revolving credit facility (“Facility”) for use by Trailstone Renewables GmbH.
The Facility was arranged by ING Bank N.V., who acted as sole Arranger, Security Agent, Facility Agent and Fronting Bank. ING also acted as Sustainability Coordinator together with MUFG Bank (Europe) N.V. The structure of the Facility follows the Green Loan Principles and is supported by a consortium of banks including CA Indosuez (Switzerland) S.A., Credit Suisse (Switzerland) Ltd., DZ BANK AG Deutsche Zentral-Genossenschaftsbank, ING, MUFG Bank (Europe) N.V., Natixis, Rabobank, Société Générale and Tokio Marine HCC.
The Facility refinances Trailstone’s existing EUR 430,000,000 multicurrency secured uncommitted revolving credit facility and will be used to finance Trailstone’s market leading European renewable asset management business as it continues to expand its offering across Europe, increasing the number of gigawatts under management.
The Facility, which launched at EUR 400,000,000, was well oversubscribed and subsequently scaled down to the closing amount, evidencing Trailstone’s strong support from its global bank group.
John Redpath, Chief Executive Officer of Trailstone, said: “We are delighted to have renewed our credit facility and grown the consortium of banks financing our European business.”
About Trailstone
Founded in 2013, Trailstone is a global energy and technology company, operating at the intersection of renewable and conventional power. Trailstone provides a best-in-class service to help manage the inherent intermittency of renewable power generation for asset owners, operators and grid infrastructure. Trailstone also offers tech-enabled risk management and asset optimisation solutions for renewable assets across Europe, Japan and the United States. Trailstone has over 300 employees located in Austin, Houston and New York (USA), Leipzig and Berlin (Germany), Grenoble (France), Sligo (Ireland), Tokyo (Japan) and London (UK).
Media Inquiries:
Rebecca Collins
Antenna Group on behalf of Trailstone
ING Bank N.V.
Laurent Keil / Geert Bierman
Email: Laurent.KEIL@ing.ch/ geert.bierman@ing.com
Phone: +41 22 592 2248 / +31 6 3085 4770