Linklaters advises MEAG as sole arranger of up to €120 million project bond structure for proptech company PAUL Tech AG

Linklaters has advised MEAG as sole arranger of a up to €120 million project bond structure for Mannheim-based proptech PAUL Tech AG.

 The long-term financing supports the nationwide rollout of PAUL Net Zero, an integrated AI technology platform enabling CO₂-neutral heating in existing buildings. The financing will be made available in several disbursements, each subject to contractually defined conditions precedent. The project bonds are amortising, and have a maturity of up to 10 years.

MEAG is the asset manager of Munich Re. With branches in Europe, Asia and North America, MEAG also offers its extensive know-how to institutional investors and private clients from outside the company group. The company currently manages assets of approximately €360 billion, including €62 billion for private and other institutional investors.

Linklaters regularly advises energy efficiency service providers and their investors on tailor-made financing solutions that balance climate protection and energy security.

The Linklaters team was led by Barbara Lauer (Partner, Capital Markets, Frankfurt). Other team members were Michael Deane (Managing Associate, Capital Markets), Pascal Mildahn, Catharina Beck (both Managing Associate, Financial Regulation) and Prerna Sateesh (Associate, Capital Markets, all Frankfurt).