11/2019
BUSINESS & LIFE

Major milestone for the future: TRACOE medical closes syndicated financing arrangement with Commerzbank AG

- Group financing for 17.5 million euro secures TRACOE’s new construction project and the future strategy of its parent company, the XTR Group

- New construction and purchase of logistics premises on 11,500 sqm is largest individual measure

TRACOE medical and the parent company XTR Group have reached a major milestone for the future. The holding company successfully closed a syndicated financing arrangement with Commerzbank AG for 17.5 million euro with a maturity period of up to 10 years. With this holistic financing concept, TRACOE medical intends, on the one hand, to set the course for further growth with the new construction and the purchase of logistics premises in the business park – and, on the other hand, to facilitate working capital financing and refinancing of the XTR Group. Stephan Köhler, principal shareholder of the XTR Group and managing director of TRACOE medical: “TRACOE medical and its parent company are characterised by positive corporate development and a stable business model. We needed a holistic financing concept to ensure that this is still the case in future and that we also have the spatial capacity for further growth. We are delighted that we have now been able to achieve this with a strong partner and take this significant step towards a successful future”. Jürgen Schmieding, branch manager, Mittelstand Rhineland-Palatinate of Commerzbank AG: “We are delighted to have been able to help shape the development of one of the region’s global players like TRACOE medical and to develop, together with them, a sustainable financing solution”.

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