N+P group finalises stacked financing

On February 14, 2018 N+P Beheer signed a € 3.000.000 subordinated finance agreement with Luxembourg-based RiverBank. Combined with the in December 2017 acquired € 2,500,000 subordinated financing from Limburg Energy Fund (LEF), the company attained the equity necessary for the construction its first Subcoal installation in British Teeside.

Preceding this equity financing, on February 12 2018 N+P Beheer realised a € 6,75 million multi-currency working capital facility with ABN Commercial Finance. ABN Amro Bank shall remain the partner bank for all N+P’s Dutch establishments. The bank provides both a bank guarantee facility as well as a current account facility of € 3.86 million. Nationale Borg will continue to support N+P with a € 5 million guarantee facility.

N+P was extensively advised and guided during the entire selection and documentation process by both finance and legal consultants of Integrated Finance Solutions (IFS).

N+P
For more than 20 years the development and realisation of industrial residue recycling concepts has been the core activity of N+P allowing the group to develop into the pre-eminent specialist in purchase and delivery of industrial residues. Where initially mainly the German and Dutch markets were served, the N+P Group has since become an important global player. Both the paper-, brick-, cement- and building materials industry as well as various power stations have made the most of the reliable services of the N+P Group for years.
With long-term contracts N+P brings supply and demand together. This implies that input from various sites is coupled to various applications and allows N+P to guarantee both reliable and season independent purchase and supply. N+P takes this procedure beyond simple mediation in supply and demand; the company advises its clients in new reuse facilities and provides all-inclusive servicing. This includes ordering analyses, application of licensees, clearance of legal export procedures and organising logistics and storage.
One of N+P products is Subcoal®, an alternative fuel made from non-recyclable waste. Subcoal® is used to replace polluting fossil fuels at various large industrial installations such as cement kilns, power stations or blast furnaces. With 1.52 tons of Subcoal®, on average about 1 ton of coal can be replaced, reducing CO2 emissions with 56%.
Subcoal® is one of the alternative fuels from N+P Group. Other alternative fuels are paper rejects, paper sludge, RDF, SRF and TDF.

More information?
For more information please contact Integrated Finance Solutions (IFS) at +31 30 7602110.