More headroom for further growth investments: Sixt SE concludes financing of 950 million euros at significantly improved conditions

More headroom for further growth investments: Sixt SE concludes financing of 950 million euros at significantly improved conditions

• Mobility services provider improves the terms of its important syndicated credit facility.
• Increase of the credit facility by 200 million euros to now 950 million euros expands financial room for further growth.
• Extension of the syndicated credit facility to 5 years (previously 3 years) and thus until 2027 (plus two extension options until 2029) leads to long-term financial security.
• Franz Weinberger, Head of Corporate Finance of the Sixt Group: "With the new syndicated loan, we are significantly expanding our financial room and at the same time were able to achieve significantly improved conditions in a market environment that is currently challenging for financing transactions. In addition, the long maturity underlines our financial solidity."
  

Pullach, 26th September 2022 - Sixt SE has prematurely redeemed its syndicated credit facility in the amount of EUR 750 million and replaced it with a new revolving syndicated credit facility in the amount of EUR 950 million. At the same time, Sixt SE was able to improve the conditions. The new credit facility has a term of 5 years (previously 3 years) and can be extended twice by one year each until 2029. As usual, the extension options are subject to approval by the syndicate banks. The credit line can be drawn in various currencies, in particular Euro and USD, and serves primarily to finance the vehicle fleet and thus the further growth of the Sixt Group. The syndication was self-arranged by Sixt SE.

Mandated lead arranger and bookrunner of the credit facility are Commerzbank Aktiengesellschaft, DZ BANK AG and UniCredit Bank AG. Further mandated lead arranger and lender are Bayerische Landesbank, BNP Paribas, Caixabank, Deutsche Bank and SEB Deutschland. The agent is UniCredit Bank AG.

Most recently, Sixt SE significantly raised its expectations for the 2022 financial year in an ad-hoc announcement dated 14 September 2022.

Dr Franz Weinberger,Head of Corporate Finance of the Sixt Group: "Despite the current challenging market environment for financing transactions, we have succeeded in significantly expanding our financial room with the new syndicated loan and at the same time achieving significantly improved conditions. In addition, the long maturity underlines our financial solidity. Sixt thus once again proves its excellent standing in the capital and financing markets."

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. In 2021 SIXT achieved significant market share gains as well as a new record result, amounting to revenues of EUR 2.28 billion and earnings before taxes of EUR 442.2 million - despite the since 2020 ongoing COVID-19 pandemic. In the decade before, from 2009 to 2019, the SIXT Group doubled its revenues. Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).
https://about.sixt.com

Press contact
Sixt SE
Johannes Gunst
Sixt Central Press Office
Tel.: +49 - (0)89 - 74444 6700
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