Complete refinancing of the debt facilities of Royal IHC

Lindenaar & Co acted as debt advisor for IHC Merwede Holding B.V. (“Royal IHC”) in the realisation of a complete refinancing of €1.5 billion, consisting of project loans, credit facilities, bank guarantees and junior loans.

During the process, Lindenaar & Co mainly focused on providing detailed insight in the financial performance of Royal IHC. The composition and performance of various projects, impact of organisational and strategic decisions and the underlying assumptions of the future growth (quality, composition and size of the order book) played an important role in this.

Lindenaar & Co supported Royal IHC in obtaining new committed facilities from its current bank syndicate, despite the challenging market conditions. The refinancing enables Royal IHC to realise its strategy and ambitions for the coming years. The advice of Lindenaar & Co particularly helped us with redefining the way we present our business to the banks, formulating a balanced bank case and request” – Guido Fieret, Director Corporate Finance at Royal IHC.


Profile Royal IHC
Profile Royal IHC

Since her 330 years of history, Royal IHC is a leading company in the field of the development, design and construction of ships and equipment for the dredging and offshore industry.
Royal IHC employs approximately 3,000 people, operating from locations in the Netherlands, China, Dubai, Singapore and the United States. With an order book over €1.6 billion, Royal IHC is well positioned to realise profitable growth in the coming years.