HES International (“HES”) is proud to announce the signing of definitive documentation for its successful EUR 1 billion debt capital raise, further fueling its path for growth and portfolio diversification.

“This successful refinancing is yet another vote of confidence in HES executing upon its strategy to further strengthen its position as a leading European multi-purposes bulk terminal operator. We are delighted and welcome a group of reputable financing partners, which comprises relationship bank lenders and institutional investors including new partners from our debut US Private Placement issuance of EUR 553 million, who will support us on our journey over the next 5 to 10 years”, said CEO and Chairman of the Executive Board, Cees van Gent.

The facilities raised will be used to repay the existing group financing that is maturing in March of 2025. In addition, a CapEx facility of EUR 150 million has been secured to, amongst others, fund HES’ growth strategy.

HES recently filed its consolidated annual accounts for 2023, showing record-breaking EUR 178 million of normalized EBITDA (excluding exceptional items, 2022: EUR 153 million) and EUR 492 million in revenues (2022: EUR 471 million).

“HES’ ambitious long-term strategy is already yielding results. In addition, our commitment to partnering with customers to phase out thermal coal over time and diversify our portfolio is gaining momentum. We have a robust pipeline of commercial contracts and projects focused on green and sustainable commodities, reflecting our proactive approach towards a more environmentally conscious future.”, according to Cees van Gent.

For further information, please contact: Firas Ezzeddine (f.ezzeddine@hesinternational.eu)


HES International is one of Europe's largest independent bulk handling companies for liquid, dry, and break bulk products. Our companies hold a unique independent position in the supply chain of bulk goods for a wide range of products providing first class access to Europe's deep draft terminals and excellent hinterland connectivity by barge, rail and truck. With 15 terminals in 5 countries at strategic located ports in Europe we are an important switch in the continuous delivery of essential building blocks for our everyday life needed to develop, sustain and improve the world around us. Our professional staff ensure that bulk commodities are safely stored, handled and processed 24/7 for customers from all corners of the globe. We have a strong ambition to further broaden our product portfolio and also want to respond optimally to the opportunities that the energy transition offers us.

HES International is headquartered in Rotterdam and has already been carefully handling bulk raw materials since 1908. Macquarie Asset Management, via Macquarie European Infrastructure Fund 5, and West Street Infrastructure Partners III, managed by the Goldman Sachs Asset Management Infrastructure business, each indirectly control 50% of the shares of HES International B.V. For more information, please visit  www.hesinternational.eu.

HES | bulk for life