Vossloh AG issues Schuldschein loan of over €250 million

Four tranches with maturity terms of four and seven years issued
High demand from institutional investors, clear oversubscription and attractive conditions
Further essential milestone of medium- and long-term Group financing achieved

Vossloh AG has successfully issued a Schuldschein loan with a volume of €250 million. The transaction, structured in four tranches, replaces a large part of the syndicated loan issued in 2015 and set to run until spring 2018, which originally consisted of a €200 million bullet loan and a €300 million revolving credit line. As early as March 2017, the company canceled and repaid €100 million of the bullet loan ahead of schedule. The tranches of the Schuldschein loan with maturities of four and seven years bear partly fixed and partly floating interest rates and comprise volumes of €135 million for four years and €115 million for seven years. Due to the high level of demand from institutional investors, the spread of each tranche was fixed at the tight end of the marketing range.

The Schuldschein loan is a further substantial step for the Vossloh Group to secure and optimize the financial foundation for the targeted growth. “The successful conclusion of the transaction is an important milestone in Vossloh’s financing strategy. We have secured attractive conditions for the coming years and have optimized our maturity structure with staggered terms of maturity,” said Oliver Schuster, CFO of Vossloh. “The high level of demand underlines the trust of investors in Vossloh.”

The placement was arranged by BNP Paribas and Helaba. Helaba is appointed as paying agent during the term of the transaction.

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07/12/2017

Vossloh AG issues Schuldschein loan of over €250 million