Germany defence financing
Rheinmetall and Hensoldt financings and EIB defence lending through German banks, alongside the growth rounds and listings behind Germany's new defence companies.
Randeep Bubbra | Lawyer | Making defence financeable
6Financings on file
US$5.3bnFunded volume (US$ eq.)
9Investments and M&A
US$1.7bnLargest financing
Largest financing
Rheinmetall €1.5bn syndicated revolving credit facility, 8 Oct 2026.
By type
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 3 | US$2.9bn |
| Convertible | 1 | US$1.1bn |
| Acquisition finance | 1 | US$730m |
| Bond | 1 | US$580m |
Banks and lenders named
Credit Agricole CIB (2), Commerzbank (2), UniCredit (2), Deutsche Bank (1), Societe Generale (1).
Counts are financings on file where the bank or lender is named. All lenders.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 28 May 2026 | Rheinmetall €500m senior bond due 2031 | Bond | €500m |
| 11 Jun 2025 | EIB €500m intermediated loan to Deutsche Bank for security and defence SMEs | Bank facility | €500m |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
| 31 Jan 2023 | Rheinmetall €1bn convertible bonds (2028 and 2030 series) | Convertible | €1bn |
| 24 Sep 2021 | Rheinmetall €500m syndicated revolving credit facility | Bank facility | €500m |
Investments and M&A
| Date | Deal | Type | Value |
|---|---|---|---|
| 2 Jul 2026 | Quantum Systems Series D | Venture round | US$1.2bn |
| 21 Aug 2025 | Stark Defence growth round | Venture round | US$62m |
| 17 Jun 2025 | Helsing €600m Series D | Venture round | €600m |
| 6 May 2025 | Quantum Systems Series C | Venture round | €160m |
| 11 Jul 2024 | Helsing Series C | Venture round | €450m |
| 7 Feb 2024 | Renk IPO by private placement (Frankfurt) | IPO | €450m |
| 7 Dec 2023 | Hensoldt €241m accelerated bookbuild capital increase | Equity raise | €241m |
| 14 Sep 2023 | Helsing Series B | Venture round | €209m |
| 25 Sep 2020 | Hensoldt IPO on the Frankfurt Stock Exchange | IPO | €300m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.