Creditor Relations

As a well-rated borrower, Haniel has various options to raise funds. Loans and credit lines are the long-term anchor of our financing and form the basis of our business relations with international banking partners. In addition, we raise long-term funds through bonds and private placements. Short-term liquidity requirements are also regularly covered by commercial papers.

Geschäftsmann der auf einem Balkon im Gebäude steht

The Haniel holding finances its investments in portfolio companies through both equity from around 750 Haniel shareholders and external debt capital. To ensure liquidity and create room for sustainable investments, we rely on long-term debt financing.

A key pillar is bilateral credit lines with a term of up to five years. To ensure flexibility at all times, we place particular emphasis on maintaining sufficient free credit lines and a balanced maturity profile. Our financing agreements contain neither financial covenants nor rating-related termination rights.

Rating agency	Rating type	Rating	Outlook	Last change
Moody's Investor Service	long-term	Baa3	stable outlook	03.04.2025
Scope Ratings	long-term	BBB-	stable outlook	23.02.2016

Under the Commercial Paper Program, the Compartment Haniel Enkelfähig, which is guaranteed by Franz Haniel & Cie. GmbH, can issue short-term securitized financing products: commercial papers. The plan is to update this documentation regularly and thus always provide investors with an up-to-date basis. Using this compartment helps us both to reduce update efforts and to respond more quickly to legal, regulatory or market-driven requirements.

	Commercial Paper Program
Issuer	Compartment Haniel Enkelfähig of NowCM Luxembourg S. A.
Guarantor	Franz Haniel & Cie. GmbH
Volume of the program	EUR 1,000,000,000
Dealers	Bayerische Landesbank, DZ Bank AG, Landesbank Baden-Württemberg, Crédit Industriel et Commercial