logo
logo

Agp Group Announces Us$250 Million Expansion Debt Funding

Apr 26, 2022•over 3 years ago

Amount Raised

$250 Million

Description

AGP Group (“AGP” or “the company”), a global leader in the design and production of specialty automotive glazing components, today announced it has entered into a debt financing agreement with OMERS Capital Markets (“OMERS”) and BMO Financial Group (“BMO”) to provide up to US$250 million in a senior secured term loan facility. AGP intends to use the proceeds to finance the continued acceleration of the company’s global expansion plans, including the completion of a new, state-of-the-art North American production facility. The financing follows a strategic partnership and investment, announced in April 2021, by funds affiliated with BDT Capital Partners, LLC (“BDT”), a merchant bank that provides family- and founder-led businesses with long-term, differentiated capital.

Company Information

Company

Agp Group

About

AGP Group is one of the world’s leading glazing manufacturers. AGP Group has developed a large portfolio of products for the automotive, marine, and security markets. With around 3,000 employees from over 50 different nationalities, the company provides high-tech glazing solutions to more than 20 automotive brands that are shaping the future of mobility through electrification and autonomous driving. AGP has seven manufacturing plants and four Tech Innovation Centers in Europe, North and South America as well as commercial offices in 20 countries. For more information, visit agpglass.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech