Wolf Theiss has advised the International Finance Corporation on a EUR 75 million anchor investment in Voestalpine green notes.
Voestalpine is an Austrian steel-based technology and capital goods group based in Linz. The company is active in steel, automotive, railway systems, profilform, and tool steel industries.
According to Wolf Theiss, "Voestalpine successfully closed the issuance of green notes, totaling an aggregate principal amount of EUR 500 million. The green notes, with a maturity of five years and a coupon rate of 3.75%, were placed with eligible counterparties, professional clients, and retail clients; the notes are listed on the Official Market of the Vienna Stock Exchange. The net proceeds from the green notes will finance or refinance sustainable projects undertaken by Voestalpine, including its greentec steel initiatives. Specifically, the proceeds of IFC’s investment will support Voestalpine’s investments aimed at enhancing energy efficiency in Brazil and contribute to the decarbonization of the steel supply chain in Poland and Romania."
The Wolf Theiss team included Partner Claus Schneider, Counsel Nikolaus Dinhof-Renezeder, and Senior Associate Sebastian Prakljacic.
Wolf Theiss could not provide additional information on the matter.
