December 26, 2024 [Tank Storage]- Advario has finalised a €650 million corporate refinancing, strengthening its financial flexibility to support the company’s strategic goal of playing a leading role in the energy transition. This financing arrangement comprises credit facilities provided by a consortium of international banks.

The new funding aligns with Advario’s Horizon 2030 strategy, which aims to double the business by 2030 with a focus on chemicals, gases, and new energy products while achieving Net Zero Scope 1 and 2 emissions by 2040.

Bas Verkooijen, CEO of Advario says: ‘This refinancing provides a solid foundation for our continued growth and deepens our commitment to sustainability. We are grateful for the strong support from our banking partners, whose trust and collaboration are instrumental as we pursue our ambitious strategy for the future.’

The banks BNP Paribas, ING and UniCredit acted as global coordinators for this transaction. After successful syndication, a group of 10 lenders participated in the credit facilities.