Eurenco Secures €300 Million Financing to Boost European Industrial Capacity
French energetic materials specialist Eurenco has closed a €300 million syndicated loan, its largest financing to date, to underwrite major industrial expansion efforts across Europe.
Paris-based EURENCO, a leading European producer of energetic materials and key supplier to the defence industrial base, has concluded a €300 million syndicated financing package to underpin a multi-year industrial expansion programme in Europe.
According to the company, the transaction marks the largest credit facility ever arranged in this financing category for a French defence sector firm. A consortium of 14 major financial institutions participated, spanning French and broader European lenders, and included both commercial and sovereign banking partners.
Eurenco said the funds will support the initial phase of a comprehensive upgrade and extension of its production footprint across the continent to meet “very strong demand” from defence customers and to address shortfalls in energetic materials production capacity. Market analysts have highlighted such shortages as a strategic vulnerability for NATO allies and European armed forces.
Thierry Francou, Chief Executive Officer of Eurenco Group, said the financing demonstrates stakeholder recognition of the company’s strategic role within the European Defence Technological and Industrial Base. The investment is aimed at consolidating the group’s leadership and contributing to Europe’s industrial autonomy in key munitions-related segments.
The company’s development trajectory has included recent capacity increases, such as doubling small-calibre propellant output at its Belgian facility, as well as strategic agreements in Central Europe to expand propellant and modular charge production.
