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Sixt SE issues long-term borrower’s note loans with a volume of EUR 100 million at attractive conditions
For the first time, SIXT is using blockchain technology for an issuance of this kind and is thus focusing on digital innovation also in the financial sector
Dr. Kai Andrejewski, Chief Financial Officer of Sixt SE: “Once again, Sixt SE proves its excellent standing in the capital and financing markets. With the blockchain-based execution of the issuance, we are also underlining our ambition to further digitise our financial organisation.”
Pullach, 05 October 2021 – Sixt SE has successfully issued two long-term borrower’s note loans with a total volume of EUR 100 million at attractive conditions. The borrower’s note loans have a tenor of five years and have been placed with institutional investors in Germany and abroad. The issue, which serves to finance the further growth of the Sixt Group, achieved an extraordinarily high demand with an order book that was oversubscribed several times at the peak and was priced at the lower end of the target range.
For the first time, SIXT is using the innovative and blockchain-based platform Finledger for the issuance of the borrower’s note loans. Finledger maps the entire process from the issuer to the investors. Transactions are distributed in an unforgeable, unalterable manner without a central instance and are stored and documented in a blockchain. The platform thus offers advantages for administrative processing, for instance significant time savings through the digitisation of processes that were previously purely paper-based, such as the creation and custody of certificates. This allows for a faster, more secure and more transparent settlement process, combined with seamless documentation. With this innovation, SIXT is positioning itself as a pioneer in the use of digital innovations also in its financial organisation.
The arrangers were DZ BANK AG Deutsche Zentral-Genossenschaftsbank and UniCredit Bank AG.
Prof. Dr. Kai Andrejewski, Chief Financial Officer of Sixt SE: “Once again, Sixt SE was able to successfully issue a borrower’s note loan at attractive conditions, proving its excellent standing in the capital and financing markets. With the blockchain-based execution of the issuance, we are also underlining our ambition to further digitise our financial organisation. SIXT stands for innovative solutions. This applies not only to our entire product offering, but also to processes such as the issuance of borrower’s note loans.”
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+ 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 one single app, which also integrates the services of its renowned mobility partners. SIXT has a presence in around 110 countries around the globe. The company is characterized by consistent customer orientation and excellent customer experience, a living culture of innovation with strong technological expertise, the high share of premium vehicles in its fleet and an attractive price-performance ratio. Sixt SE has more than doubled its revenue in the Mobility business segment since 2009 and generated revenue of EUR 2.49 billion in this segment in 2019 (total group EUR 3.31 billion) and is ranked as one of the most profitable mobility companies in the world. In 2020, SIXT generated consolidated revenues of EUR 1.53 billion despite travel and outbound restrictions due to the COVID 19 pandemic and reported a positive consolidated net income of EUR 2 million after cost savings of approximately EUR 600 million among others. Sixt SE is the parent company of the Group and has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334). https://about.sixt.com
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