Brussels—Aperam has secured a €200 million syndicated term credit facility from ING, KBC and Belfius, backed by a guarantee of up to €120 million from Gigarant NV, a special purpose vehicle of the Flemish Government managed by PMV (ParticipatieMaatschappij Vlaanderen).
Aperam is a global player in stainless, electrical and specialty steel and recycling, with customers in over 40 countries. The financing will be used to fund the further development of Aperam’s plant in Genk and reinforce its role as a cornerstone of Flemish manufacturing. Since 2018, Aperam has invested more than €350 million at its Genk site to modernize production lines and advance its green transformation.
Dentons’ Banking and Finance team in Brussels – led by partner Tom Geudens, associates Brandon Cheliotis and Téo Diprima, with financial regulatory support from senior associate Matthias De Cock – advised ING, KBC and Belfius on this important financing transaction.
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