Stabilus SA: issues its first promissory note (Schuldschein) for an amount of 95 million euros

DGAP-News: Stabilus SA / Keyword (s): Financing

Stabilus issues its first promissory note (Schuldschein) for an amount of 95 million euros

04.03.2021 / 07:00
The issuer is solely responsible for the content of this advertisement.


Stabilus issues its first promissory note (Schuldschein) for an amount of 95 million euros

Luxembourg / Koblenz, March 4, 2021 – Stabilus GmbH in Koblenz issued a promissory note (Schuldschein) with a volume of 95 million euros guaranteed by Stabilus SA in Luxembourg (ISIN: LU1066226637). The issue was heavily oversubscribed, which enabled the Group to significantly increase the total volume compared to the 50 million euros initially planned. The tranches of the Schuldschein loan with maturities of five and seven years each bear variable interest rates.

Mark Wilhelms, CFO of Stabilus SA, said: “We are delighted with the successful start of Stabilus Schuldschein in the capital market. 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 market range, ensuring attractive financing conditions. The Schuldschein loan is part of our long-term financing strategy and also gives us flexibility in implementing our growth plans.

Stabilus’ long-term funding strategy is particularly focused on creating a balanced maturity profile, diversification of funding sources and flexibility to optimize costs of capital. The issuance of the promissory note (Schuldschein) also provides financial security for the period after the maturity of the main existing loans in 2023.

With more than 30 participating investors, mostly savings banks, the operation met a very strong demand. About three quarters of investors come from Germany and about a quarter from various European and Asian countries.

The internship was organized by the Landesbank Hessen-Thüringen Girozentrale (Helaba). The transaction was carried out exclusively via the digital issuance platform vc trade.

Investor contact:
Andreas Schröder
Phone. : +352 286 770 21
Email: [email protected]

Press contact:
Peter Steiner
Phone. : +49 69 794090 27
Email: [email protected]
Charles Barker Corporate Communication

About Stabilus

As one of the world’s leading suppliers of gas springs, damping solutions and electromechanical drives, Stabilus has demonstrated its expertise in the automotive industry and various other sectors for eight decades. Stabilus’ POWERISE gas springs, shock absorbers and electromechanical drives optimize opening, closing, lifting, lowering and adjusting operations, and also protect against vibration. Employing more than six thousand people worldwide, the company is headquartered in Koblenz. Stabilus achieved a turnover of 822.1 million euros in fiscal year 2020. Stabilus has a global production network comprising factories in eleven countries. In addition, the Group maintains regional offices and relationships with business partners in more than fifty countries in Europe, North and South America and Asia-Pacific. Stabilus is listed on 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 the management of the Stabilus Group and other information currently available to Stabilus. Various risks, uncertainties and other known and unknown factors could cause material differences between the actual future results, financial condition, 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.
The issuer is solely responsible for the content of this advertisement.

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