Corporate News 22 Aug 2018

Sixt SE: Sixt places a long-term borrower’s note loan with a volume of EUR 200 million at very attractive conditions

Pullach, 22 August 2018 – Sixt SE has successfully placed a borrower’s note loan with a total volume of EUR 200 million among institutional investors from Germany and abroad on the capital market. The borrower’s note loan consists of three tranches, two of which have a period of five years with fixed and variable returns. The third tranche has a period of seven years with fixed returns. The note’s pricing was at the lower end of the envisaged target spread.

The placement was arranged by Landesbank Hessen-Thüringen (Helaba) and DZ Bank within a period of only five weeks and was met with a very high demand on the market.

For the first time Sixt SE used the innovative integrated digital platform vc trade with this transaction. The platform fully digitalises the established process from issuer to investor with the involvement of a bank, expands the investor range, increases transparency as well as efficiency and thereby reduces execution time and costs.

The funds will be used by the international mobility service provider to finance further growth in its rental business.

Dr Julian zu Putlitz, CFO of Sixt SE: “We are very satisfied with the conditions and the market resonance obtained by that emission. We are thus continuing to secure the strong operating growth of Sixt with favourable financing conditions and thereby further increase the long-term share of our financing. Furthermore we reinforce our claim to innovation in financing with the application of new technical solutions.”

Frank Elsner
Sixt Central Press Office
Tel.: +49 (0) 89 / 99 24 96 – 30
Fax: +49 (0) 89 / 99 24 96 – 32

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