Axereal Group in Refinancing

Cleary Gottlieb advised Axéréal Group (Axéréal) in its refinancing enabling Axéréal to pursue its development by providing each of its malt and non-malt businesses with an appropriate financial structure for the next five years.

In this context, on December 19, 2024, sustainability-linked facilities agreements have been entered into by each of Axéréal’s malt and non-malt businesses with Axéréal’s historical creditors and other international financial institutions.

The margin applicable to these financing will be adjusted according to various KPIs taking into account the major environmental challenges facing the Axéréal’s agricultural and food sectors, and demonstrate Axéréal’s commitment to the transition to regenerative, low-carbon agriculture.

The refinancing has been completed on December 20, 2024.

Axéréal is one of France’s foremost cereals cooperative groups, with locations in France and across the world. Axereal has 11,000 cooperative members and 3,200 employees. It generates turnover of around €4 billion per year. Axéréal operates in 18 countries (Argentina, Australia, Belgium, Bulgaria, Canada, Croatia, Ethiopia, France, Germany, Hungary, Ireland, the Netherlands, Romania, Serbia, Slovakia, Spain, the UK, and the U.S.).