UK Markets open in 4 hrs 13 mins
  • NIKKEI 225

    27,377.44
    -395.46 (-1.42%)
     
  • HANG SENG

    24,785.42
    -166.93 (-0.67%)
     
  • CRUDE OIL

    86.29
    -0.61 (-0.70%)
     
  • GOLD FUTURES

    1,841.80
    -0.80 (-0.04%)
     
  • DOW

    34,715.39
    -313.21 (-0.89%)
     
  • BTC-GBP

    28,499.71
    -2,501.54 (-8.07%)
     
  • CMC Crypto 200

    914.63
    -80.63 (-8.10%)
     
  • Nasdaq

    14,154.02
    -186.28 (-1.30%)
     
  • ^FTAS

    4,274.52
    +0.73 (+0.02%)
     

Vossloh Aktiengesellschaft: Vossloh issues 7-year Schuldschein loan with fixed interest rate of 0.8 percent per year

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • VOSSF
  • VOSSY

DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Financing
12.01.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

Vossloh issues 7-year Schuldschein loan with fixed interest rate of 0.8 percent per year

Werdohl, January 12, 2022. Vossloh AG has successfully issued a Schuldschein loan with a volume of €25 million by way of a private placement. The transaction was significantly oversubscribed. The Schuldschein loan has a term of seven years with a fixed interest rate of 0.8 percent per year. Vossloh is using the funds to prematurely redeem a floating-rate Schuldschein loan in the same amount with an original term until July 2024, which had a minimum interest rate of 1.2 percent per year. With this transaction, Vossloh AG secures attractive long-term conditions, reduces its financing costs and diversifies the maturity profile of the debt capital.

"We have achieved a lot in the last two years. We have strongly improved our balance sheet structure on the one hand through the sustainability-linked hybrid note successfully placed in 2021 and on the other hand through the continuous increase in operating profitability. This is now reflected in the very attractive conditions at which we were able to place our Schuldschein loan and underlines the strong confidence of the financial market in our company. We will consistently follow the path we have taken and we are confident to reach our medium- and long-term Group targets," explains Dr. Thomas Triska, CFO of Vossloh AG.

Landesbank Hessen-Thüringen arranged the transaction and is also operating as paying agent.


Contact information for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
Email: presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: investor.relations@vossloh.com


Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh's comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about €870 million with approximately 3,500 employees.

Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
Company headquarters: Werdohl, Germany * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube

Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall


12.01.2022 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:

Vossloh Aktiengesellschaft

Vosslohstr. 4

58791 Werdohl

Germany

Phone:

+49 (0)2392 52 - 359

Fax:

+49 (0)2392 52 - 219

E-mail:

investor.relations@vossloh.com

Internet:

www.vossloh.com

ISIN:

DE0007667107

WKN:

766710

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1267700


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting