Aurubis AG continues to emphasize sustainability in financing

- Multimetal provider takes out a € 350 million ESG-linked syndicated credit line over five years

- Loan conditions are tied to the company's EcoVadis rating

- Facility agents Deutsche Bank, LBBW, and UniCredit coordinated the loan

Hamburg, February 2, 2022 - Sustainable conduct and business activity are integral components of Aurubis AG's strategy - and this is continuing in the company's financing as well. Yesterday, the multimetal provider signed a syndicated loan that is guided by the company's ESG (environmental, social, and governance) targets.

The new € 350 million syndicated credit line, with the option of increasing it by up to € 150 million, has a term of five years and can be extended twice, in each case by one year. With this loan, Aurubis is prematurely replacing an existing syndicated loan that had a term until 2023. Aurubis is linking the new financing to its rating from the sustainability rating platform EcoVadis. Currently, Aurubis has Platinum status with 73 of 100 points and thus belongs to the top one percent of companies in the global non-ferrous metals industry. The syndicated loan was coordinated by Deutsche Bank, Landesbank Baden-Württemberg, and UniCredit. In June 2020, Aurubis was the first company in this industrial sector to successfully place a Schuldschein loan of € 400 million with a sustainability component.

Rainer Verhoeven, Chief Financial Officer (CFO) of Aurubis AG, asserts, "The ESG-linked syndicated loan emphasizes that sustainability continues to extend even as far as the financing structures at Aurubis. As the most sustainable smelter network in the world, we connect our financing conditions to our strategic business activities. This approach is more proof that we at Aurubis are intensively working on expanding our industry leadership in sustainability, allowing ourselves to be evaluated by our own standards."

Aurubis' sustainability achievements are highlighted in EcoVadis' annual assessment and directly influence the calculation of the interest expense for the syndicated loan. When the rating improves, the multimetal provider has a more favorable interest rate for the credit line; if the number of points in the rating declines, the interest rate increases.

The assessment methods used by EcoVadis are based on international sustainability standards and are monitored by an international scientific committee made up of CSR and supply chain experts.

The purpose of the credit line is general company financing, particularly as a reserve for potential liquidity fluctuations.

Aurubis - Metals for Progress

Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company processes complex metal concentrates, scrap metals, organic and inorganic metal-bearing recycling materials, and industrial residues into metals of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin, and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. "Aurubis responsibly transforms raw materials into value" - following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth.

Aurubis has about 7,200 employees, production sites in Europe and the US, and an extensive service and distribution system in Europe, Asia, and North America.

Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX and the Global Challenges Index (GCX). Further information at www.aurubis.com