PEI Global Partners’ Post

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Congratulations to Ara Partners and its portfolio company, Vacuumschmelze GmbH & Co. KG (“VAC”), on the successful closing of $335 million in credit facilities to support the construction of North America’s first permanent magnet manufacturing facility!    PEI proudly served as the exclusive financial advisor to Ara Partners and VAC alongside Latham & Watkins in their role as Borrower’s Counsel. Milbank LLP served as Lenders’ Counsel to BMO, MUFG, CIBC, Rabobank and Societe Generale. This transaction demonstrates PEI's ability to access the project finance market to finance first-of-kind advanced manufacturing facilities.   Read the press release here: https://lnkd.in/eUZiEbrC   Learn more about PEI: www.peigp.com

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