DGAP-News: Sixt SE / Key word(s): Financing
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.
|Phone:||+49 (0)89 74444-5104|
|Fax:||+49 (0)89 74444-85104|
|ISIN:||DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024|
|Listed:||Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|