QIC closes financing for HES

QIC Private Debt Infrastructure has committed €50 million (AU$80 million) to a holding company junior loan financing for HES International BV (HES), one of Europe’s largest independent portfolios of dry and liquid bulk port facilities.

The QIC junior loan forms part of a €220 million six-year sustainability-linked junior loan financing to HES.

HES developed the framework for the Sustainability Linked Loan (SLL) in accordance with the SLL Principles, as set out by the Loan Market Association and Loan Syndications and Trading Association.

The junior loan forms part of a €1 billion debt capital raise by HES to further support the company’s growth and diversification strategy.

HES is one of Europe’s largest independent bulk terminal operators with a footprint of 15 terminals across five jurisdictions, including a key presence in European deep draft ports and the Amsterdam-Rotterdam-Antwerp region capturing trade flows in Europe’s industrial heartland.

The company provides dry and liquid bulk storage and handling services that form a mission-critical part of the supply chain for a diversified set of end markets across multiple dry and liquid commodities. The company is headquartered in Rotterdam and has been handling bulk raw materials since 1908.

Headquartered in Brisbane, Australia, QIC offers institutional investors exposure to diversified debt investments across the sectors of infrastructure (within the OECD), and corporate, asset-backed securities and real estate (in Australia and New Zealand).