Bechtle : places Schuldschein loan worth 300 million euros

DGAP-News: Bechtle AG / Key word(s): Corporate Action/Financing Bechtle places Schuldschein loan worth 300 million euros 15.10.2018 / 08:45 The issuer is solely responsible for the content of this announcement. Bechtle places Schuldschein loan worth 300 million euros   - Threefold oversubscription of order book - Wide reach with 140 investors aboard - Bechtle's business perspectives attract investors   Neckarsulm, 15 October 2018 - Bechtle AG has successfully issued a Schuldschein loan of 300 million euros on the capital market. The Schuldschein has an average duration of 7.5 years and was offered with a fixed or variable rate of interest. The high level of demand has led to a considerable oversubscription of the order book. As a result, the total volume could be raised from an initial 200 million to 300 million euros. With a total of more than 140 national and international investors, a large number of capital providers participated in the transaction. Bechtle will be using the issue first and foremost to finance recent acquisitions Inmac Wstore in France and BT Stemmer in Germany. "In a highly competitive capital market environment with numerous parallel transactions, we've succeeded in taking out a Schuldschein loan with very attractive conditions. This underlines the trust investors have in our business model and Bechtle's positive and sustainable business development," says Dr Thomas Olemotz, CEO of Bechtle AG. The transaction was supported by the BayernLB, Commerzbank and Landesbank Baden-Württemberg LBBW (technical lead) banks. This is Bechtle AG's first Schuldschein loan. "Bechtle's high profile and corporate creditworthiness, which is very good from a market point of view, ensured extremely stable order demand, while around 140 different investors made for unusually high distribution. All in all, a highly successful debut transaction," according to a mutual evaluation of the three banks involved.                                                                                 *** About Bechtle: Bechtle AG is one of Europe's leading IT providers, with some 70 systems integrators in Germany, Austria and Switzerland as well as e-commerce subsidiaries in 14 European countries. Founded in 1983, the company is headquartered in the southern German town of Neckarsulm and currently employs some 9,000 people. Bechtle provides 70,000 customers from the industrial, trade, financial and public sectors with a comprehensive, vendor-neutral portfolio that covers all aspects of IT infrastructure and operation. Bechtle is listed on the MDAX stock index. In 2017, the Group generated revenues of around 3.6 billion euros. Learn more at: bechtle.com 15.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Bechtle AG
	Bechtle Platz 1
	74172 Neckarsulm
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	bechtle.com
ISIN:	DE0005158703
WKN:	515870
Indices:	MDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

733363  15.10.2018