STABILUS SE
DGAP-News: Stabilus S.A.
/ Key word(s): Financing
Stabilus issues its first promissory note (Schuldschein) in the amount of EUR 95 million Luxembourg/Koblenz, March 4, 2021 - Stabilus GmbH in Koblenz has issued a promissory note (Schuldschein) with a volume of EUR 95 million guaranteed by Stabilus S.A. in Luxemburg (ISIN: LU1066226637). The issue was heavily oversubscribed, which enabled the Group to significantly increase the total volume compared to the initially planned EUR 50 million. The tranches of the Schuldschein loan with maturities of five and seven years each bear variable interest rates. Mark Wilhelms, CFO of Stabilus S.A., said: "We are pleased with Stabilus' successful Schuldschein debut on the capital market. The strong demand, which is also an expression of investor confidence in our stable business model, has enabled us to achieve spreads at the lower end of the marketing range, securing attractive financing conditions. The Schuldschein loan is part of our long-term financing strategy and also grants us flexibility in the implementation of our growth plans." The Stabilus long-term financing strategy is particularly focused on creating a balanced maturity profile, diversifying financing sources and providing the flexibility for the optimization of the costs of capital. The issue of the promissory note (Schuldschein) furthermore provides financial certainty for the period after the end of maturity of main existing loans in 2023. With more than 30 participating investors, most of them savings banks, the transaction was met with a very high level of demand. Around three quarters of the investors come from Germany and around one quarter from various European countries and Asia. The placement was arranged by Landesbank Hessen-Thüringen Girozentrale (Helaba). The transaction was conducted exclusively via the digital issuance platform vc trade. Investor Contact: Press Contact: About Stabilus As one of the world's leading suppliers of gas springs, damping solutions and electromechanical drives, Stabilus has for eight decades been demonstrating its expertise in the automotive industry and a variety of other sectors. Gas springs, dampers and electromechanical POWERISE drives from Stabilus optimize opening, closing, lifting, lowering and adjusting operations, and also protect against vibrations. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz. Stabilus reported sales revenues of EUR 822.1 million in the 2020 fiscal year. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, and in Asia Pacific. Stabilus is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index. Important Notice This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.
04.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Stabilus S.A. |
| 2, rue Albert Borschette | |
| L-1246 Luxembourg | |
| Luxemburg | |
| Phone: | +352 286 770 1 |
| Fax: | +352 286 770 99 |
| E-mail: | info.lu@stabilus.com |
| Internet: | www.stabilus.com |
| ISIN: | LU1066226637 |
| WKN: | A113Q5 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1172945 |
| End of News | DGAP News Service |
1172945 04.03.2021
