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Schuldschein with terms of 3, 5 and 7 years via the finpair digital platform
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Use for the (re)financing of suitable green projects
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Investors' strong confidence in CLASSEN sustainable corporate philosophy
BRAUNGART EPEA and CLASSEN aim to further establish CERAMIN® and other healthy building materials
July 20, 2023, Kaisersesch. The CLASSEN, one of the world's leading manufacturers of floor coverings, has placed a green promissory note for the first time via the digital platform finpair, which brokers promissory notes to interested investors. The issuance of the green promissory note is in line with the Green Bond Principles (GBP) and has been reviewed by imug rating GmbH, one of Germany's leading providers of ESG investment strategy and implementation as well as sustainability assessments, with an unqualified SPO (second party opinion).
By issuing the green bond, the CLASSEN is sending a clear signal about its sustainable and responsible corporate strategy and its responsible use of resources. The framework established meets the high standards of the Green Bond Principles (GBP), which ensure the transparent and environmentally conscious use of funds.
The funds will be used for ICMA project categories in the areas of energy efficiency and circular economy. The family-owned company plans to use the funds from the green bond to promote sustainable and energy-efficient production processes in the flooring industry. This includes the implementation of environmentally friendly technologies, the use of renewable energies, the reduction of resource consumption, and the promotion of recycling and waste reduction. Through these significant investments, CLASSEN will further expand CLASSEN leading position as a sustainable player in the flooring industry and contribute to reducing its ecological footprint.
Image: The photovoltaic system consisting of 7,000 modules at the main site in Kaisersesch
Stefanie Quervel, Chief Financial Officer of CLASSEN: "The successful placement of the green bond is a significant step for the CLASSEN Group and proof of our commitment to sustainability and environmental protection. We are delighted that investors support our sustainable corporate strategy and that we can shape the future together."
The digital platform finpair enabled the CLASSEN to efficiently and specifically target interested investors with the green promissory note. The success of this placement underscores investors' confidence in the CLASSEN sustainable orientation and its innovative strength in the field of floor coverings.
Christian Müller, authorized signatory at finpair: "In addition to the repeated use of the finpair digital platform, we are very pleased that we were able to structure a green issue for the CLASSEN Group for the first time, also with additional support from our cooperation partner imug rating GmbH. Despite increased margin requirements in the overall market, the CLASSEN Group succeeded in raising the desired liquidity at attractive conditions."
About finpair
"Digital. Efficient. Flexible. This is how promissory note loans work today." This is the philosophy of finpair as an innovative provider of digital debt instruments, which emerged from a digitalization offensive of NORD/LB. finpair is the only platform provider where users benefit from a digital product solution with personal product and structuring expertise from a single source. Here, finpair covers all phases of the Schuldschein process from structuring to marketing to repayment and offers services and value-added services in all stages. Thanks to its digitally supported approach and broad investor universe, finpair is the ideal partner for both broad placements of debt instruments and private placements. Issuers benefit from the transparency, efficiency and cost reduction of the platform technology.
You can find out more about finpair here
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