With more than 50 industrial sites and 21 R&D centers in over 30 countries around the world, Mersen develops custom-built solutions and delivers key products including graphite-based and electrical power products such as industrial fuses, surge protection devices, and power conversion devices.
In December 2024, Mersen approached PGIM Private Capital to gauge our interest in a new US Private Placement transaction to prepare for their refinancing of their Schuldschein Private Placement that was set to mature in April 2026. In addition, they sought support for their investments in their 2029 strategic plan.
In February 2025, Pricoa closed a €90 million Senior Unsecured Notes Tranche with a 7 year bullet maturity. Our ability to offer diversified financing, EUR natural funds, longer maturities, and to step-up for sizeable quantum on a single-investor basis for the EUR Tranche was key in Mersen’s decision to continue partnering with us.
Having worked with PGIM Private Capital since 2021, Mersen valued the relationship-based nature of our capital, our ability to support them for this strategic refinancing, and our ability to provide Euro-natural funds.
We deeply value the relationship we’ve built with Mersen, and we look forward to continuing our support for the Company in the future.
