HKCF acts as advisor to TEAG Thüringer Energie AG (€ 1.1 bn)
Erfurt / Cologne
Nine renowned banks support capital procurement. Recruiting campaign and investment ramp-up successful.
In order to implement the energy transition in Thuringia, TEAG Thüringer Energie AG carried out an extensive project to raise debt capital in 2024. A total of around EUR 1.1 billion in debt capital was raised as loans on the German capital market for investments in the years 2025 to 2027. The average loan term is more than 20 years.
The loans are provided by the European Investment Bank (EIB) and eight other commercial banks (KfW IPEX-Bank, NordLB, LBBW, DekaBank, DZ Bank, Unicredit, DKB and Sparkasse Mittelthüringen). TEAG was supported by HKCF Corporate Finance GmbH in structuring and implementing the financing project.
TEAG has already more than doubled investments in its seven grids and generation plants in 2024 compared to previous years. This is based on unanimous resolutions passed by TEAG's more than 500 municipal shareholders in 2023 and the successful recruitment campaign launched in 2024.
Source: Presseartikel der TEAG (german)