Messer tees up €2.45bn of long-term funds for future projects
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.
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