Finance 03 Apr 2019

Sixt SE: Sixt SE issues long-term borrower’s note loans of EUR 350 million at attractive conditions

  • Long-term safeguarding of the planned further growth of Europe’s largest mobility service provider
  • Sixt again makes use of the digital issue platform vc-trade

Pullach, 3 April 2019 – Sixt SE has successfully placed long-term borrower’s note loans with a volume of EUR 350 million at attractive conditions. The borrower’s note loans comprise tranches with maturities of 5.5 and 7 years, respectively, with fixed and variable interest rates. The issue, which serves to finance further growth, met with very high demand from institutional investors in Germany and abroad and was priced at the lower end of the target range. The arrangers were Landesbank Hessen-Thüringen (Helaba), BayernLB and UniCredit.

Sixt again used the innovative issuing platform vc-trade to place the borrower’s note loans. The platform fully maps the process from issuer to investor by involving the banks and offers advantages in terms of order book transparency and administrative processing. It was only in August 2018 that Sixt, with the help of vc-trade, placed long-term borrower’s note loans with a volume of EUR 200 million.

About SIXT

Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT App, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. According to preliminary calculations, the Sixt Group achieved consolidated earnings before taxes of EUR 464.3 million in 2023 and another significant increase in consolidated revenue to EUR 3.62 billion. Sixt SE has been listed on the Frankfurt Stock Exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).

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