Aluminium Dunkerque Secures $375 Million in New Bank Financing

Aluminium Dunkerque (AD) and its parent company, Aluminium Dunkerque Industries France (ADIF), have successfully acquired new bank facilities amounting to $375 million, aiming to fully refinance their existing debts. This financial restructuring was announced on March 5, 2024, from their base in Loon-Plage, France.

Highlighting its commitment to sustainable development, Aluminium Dunkerque has integrated environmental benchmarks into the terms of the new loans, offering interest rate incentives based on the achievement of specific environmental targets, such as reductions in carbon emissions and water usage.

The financing initiative is led by Société Générale, serving as the lead arranger, coordinator, and Environmental, Social, and Governance (ESG) coordinator, alongside a group of European and American commercial banks.

The structured financing includes a 4-year $125 million floating-rate revolving credit facility for AD, with options for US dollars, euros, and letters of credit. Concurrently, ADIF has secured a 5-year $250 million floating-rate term loan, available in both US dollars and euros. This arrangement enabled ADIF to settle its previous bonds, issued in October 2021, in full.