Today PAUL Tech AG has secured a long-term financing commitment for EUR 120,000,000 with MEAG, the asset manager of Munich Re group. The financing commitment serves as project financing for „PAUL Net Zero“ as a technology platform for the climate neutral supply of heat to residential buildings. The financing is deployed in several tranches, each subject to pre-agreed terms and conditions. The financing is structured as an amortizing facility, with each tranche having a term of up to 10 years.