HKCF acts as exclusive debt advisor for HGV on a syndicated SSD/NSV transaction to finance Hamburg´s energy networks

HKCF Corporate Finance GmbH acted as exclusive debt advisor to HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH in the structuring and execution of a €325 million syndicated promissory note loan (SSD/NSV) transaction.

The proceeds were raised at the level of HNH Hamburger Netzinfrastruktur Holding GmbH, a wholly owned subsidiary of HGV and the holding entity for Hamburg’s electricity, gas, and district heating networks. The financing supports the expansion and modernization of the electricity grid, specifically in response to rising load requirements associated with the decarbonization of the energy system, thereby contributing to Hamburg’s climate and energy transition goals. The transaction was executed across seven tranches with maturities ranging from 5 to 40 years. Despite an upsizing of the originally planned issuance, the transaction was significantly oversubscribed.

We would like to sincerely thank HGV and the Joint Lead Arrangers – ING Bank and Nord/LB – for their trust and highly professional collaboration throughout the process.