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Capital/Financing Update • May 11, 2016
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Capital/Financing Update
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Corporate | 11 May 2016 08:33
Sixt Leasing places first borrower’s note loan
DGAP-News: Sixt Leasing AG / Key word(s): Bond
2016-05-11 / 08:33
The issuer is solely responsible for the content of this announcement.
Pullach, 11 May 2016 – Sixt Leasing AG, one of the largest non-bank, vendor-neutral full-service leasing companies in Germany, successfully placed its first borrower’s note loan with institutional investors at a volume of EUR 30 million and thus accessed another financing instrument.
The note loan is unsecured and comes with a term of four years. Its margin was fixed at the lower end of the marketing range. The issue was arranged by the Bayerische Landesbank (BayernLB).
Björn Waldow, CFO of Sixt Leasing AG : “We are delighted to have taken another successful step on the debt capital market one year after our IPO. Alongside the bilateral credit lines and the planned ABS structure, the borrower’s note loan is an additional component in our financing mix to take us towards an independent and diversified financing structure.”
Sixt Leasing
Sixt Leasing AG (WKN: A0DPRE / ISIN: DE000A0DPRE6) has its registered offices in Pullach near Munich. For over 50 years already the Company has been one of the leading German mobility service providers. In addition, it is represented in further Western European countries and through strong franchise partners in around 35 countries worldwide. Sixt Leasing offers comprehensive services in its business fields Fleet Leasing, Fleet Management and Online Retail (private and commercial customer leasing).
In its Fleet Leasing business field the Company develops tailored full-service leasing solutions for corporate customers. It optimises their fleets’ total cost of ownership over the long term and independent of manufacturer interests. Through its subsidiary Sixt Mobility Consulting GmbH, the Fleet Management business field offers this expertise also to customers who bought or leased their vehicles from a third party. For private and commercial customers Sixt Leasing developed the online platform www.sixt-neuwagen.de . The innovative website provides the means to configure the latest vehicle models from over 30 different car manufacturers and obtain an individual leasing offer. Customers thereby benefit from Sixt Leasing’s expertise and economies of scale when buying their vehicle in the form of attractive conditions and additional services.
Since 7 May 2015 the shares of Sixt Leasing AG are traded on the Prime Standard Segment of the Frankfurt Stock Exchange. In 2015 the Group generated revenues of EUR 665 million.
Contact:
Sixt Leasing AG
Corporate Communications
Frank Elsner / Frank Paschen
Tel.: +49 (0)89/ 99 24 96 – 30
Fax: +49 (0)89/ 99 24 96 – 32
Email: [email protected]
2016-05-11 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Sixt Leasing AG |
| Zugspitzstraße 1 | |
| 82049 Pullach | |
| Germany | |
| Phone: | +49 (0)89 744 44 – 4518 |
| Fax: | +49 (0)89 744 44 – 8 4518 |
| E-mail: | [email protected] |
| Internet: | http://www.sixt-leasing.de |
| ISIN: | DE000A0DPRE6 |
| WKN: | A0DPRE |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |