HCS Group, a Germany-based global manufacturer of hydrocarbon and chemical specialty products, has successfully concluded its refinancing.

The new financial structure with a volume of €170 million and a duration of five years provides a solid foundation for the group’s planned strategic development during the coming years, HCS said.

The separate financing of the subsidiaries in Germany and the UK has been replaced by refinancing at group level, enabling a future depth of integration that creates the conditions for future growth, said CFO Peter Stubbe.

“In addition, we were able to reduce the financing costs significantly,” Stubbe stated. “We are continuing to evolve rapidly into an international customer-orientated specialty chemicals company.”