Messer tees up €2.45bn of long-term funds for future projects | Finance
Messer has secured €2.45bn ($2.63bn) in long-term financing to support its growth strategy, following a strong full-year performance at the privately owned industrial gas major. The funding includes €1.3bn ($1.4bn) from private placements and €1.15bn ($1.23bn) in promissory notes arranged in 2024. Proceeds were used to fully refinance loans related to the 2019 Messer Industries acquisition, with the company also reporting lower financing costs as a result. After capital expenditure of around €900m ($970m) during the year, Messer ended 2024 with approximately €500m ($540m) in cash, plus net debt of €3.6bn ($3.87bn). The refinancing supports the company’s ongoing infrastructure investments, including a recently announced €60m ($64m) air separation unit at North Sea Port in Belgium. Scheduled to begin operations in 2026, the facility will supply nitrogen, oxygen and argon to industrial customers in the Benelux… Read More »Messer tees up €2.45bn of long-term funds for future projects | Finance