Techem to get new credit facilities for refinancing/recapitalization

By Sara Rosenberg

New York, July 12 – Techem is planning on getting a new senior secured term loan and revolving credit facility, according to a news release.

Proceeds will be used to refinance existing debt, including €410 million senior secured notes and €325 million senior subordinated notes, and for a recapitalization.

Techem is a Germany-based provider of energy billing and energy management services.

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