Capital/Financing Update • Sep 25, 2012
Capital/Financing Update
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Corporate | 25 September 2012 09:00
EnviTec Biogas AG successfully places EUR 30 million note loan
EnviTec Biogas AG / Key word(s): Miscellaneous
25.09.2012 / 09:00
EnviTec Biogas AG successfully places EUR 30 million note loan
Lohne, September 25, 2012 – EnviTec Biogas [ISIN: DE000A0MVLS8] has successfully placed a EUR 30 million note loan with German institutional investors to finance its growth. The company, which specialises in the construction and operation of biogas plants, will use the proceeds from the issue for general corporate financing purposes and, in particular, to expand its high-margin own plant operation activities. Bremer Landesbank acted as Sole mandated Lead Arranger.
The operation of biogas plants – alone or with partners – is an activity that is characterised by stable cash flows and good margins, which is why EnviTec is aggressively expanding this segment. At the end of June 2012, the company had biogas plants with an electrical output of 44.9 MW on line – 20.4 MW more than in the previous year. EnviTec Biogas aims to have some 52 MW connected to the grid by the end of 2012 and to further expand its capacity thereafter.
The issue was divided into tranches with fixed and floating interest rates and into terms of three years, five years and seven years. Based on current interest rate levels, interest rates are below 4 percent p.a., with the main emphasis on the medium maturity segment. 'The note loan has given us access to mid-term capital at attractive conditions in a challenging funding environment and helps us to diversify our funding structure,' said Jörg Fischer, CFO of EnviTec Biogas AG. 'We interpret the great interest shown by investors as a sign of confidence in our creditworthiness and our business model.'
'We are pleased about investors' interest in the debut issue of what is one of the most successful companies from our region in the renewable energy sector,' said Thomas Scheufen, departmental head at Bremer Landesbank. Besides bank loans and bonds, note loans are another form of financing, that are increasingly gaining importance also
among medium-sized companies in the current capital market environment. A note loan is a large loan similar to a bond for companies with excellent credit ratings. In the past, Bremer Landesbank has lead arranged and structured several corporate issues and developed customised solutions for its clients in the context of these mandates.
About Bremer Landesbank:
With Hanseatic down-to-earthness and at the same time modern and highly professional: that's Bremer Landesbank. Close to the market and to people, the bank is strongly committed to its region in north-western Germany. It is from here that it supports its customers with first-class concepts, presenting itself with a sustainable, strong earning power and financial soundness. More than 1,000 dedicated employees in Bremen and Oldenburg guarantee these qualities. With a business volume of more than EUR 40 billion, Bremer Landesbank is the biggest regional bank between the Ems and Elbe rivers. Its owners are Norddeutsche Landesbank with a 54.8% shareholding, the Federal state of Bremen, which holds 41.2%, and the Association of the Savings Banks of Lower Saxony with 4.0% of the shares.
Press contact:
Ina Malinowski
Telefon +49-421-332-2540
Telefax +49-421-332-2278
mailto:[email protected]
About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of biogas, including the planning and turnkey construction of biogas plants as well as their commissioning. The company takes charge of biological and technical services on demand and also offers full plant and operational management. In addition, EnviTec also operates its own biogas plants. In 2011 EnviTec Biogas established EnviTec Energy GmbH & Co. KG and its 100% subsidiary EnviTec Stromkontor GmbH & Co. KG, expanding its business operations into the direct marketing of upgraded biomethane as well as the marketing of green electricity and balancing energy. Today, EnviTec Biogas AG is represented in 15 countries throughout Europe, as well as in India and the USA. In 2011 EnviTec generated revenues of EUR 243.9 million and an EBIT of EUR 10.8 million. The EnviTec Group currently has 470 employees. EnviTec has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since July 2007.
Press contact:
Katrin Selzer
EnviTec Biogas AG
Tel: +49 25 74 88 88 – 810
E-mail: [email protected]
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 8016 – 8130
E-mail: [email protected]
End of Corporate News
25.09.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | EnviTec Biogas AG |
| Industriering 10a | |
| 49393 Lohne | |
| Germany | |
| Phone: | +49 (0) 44 42 – 80 65 0 |
| Fax: | +49 (0) 44 42 – 80 65 103 |
| E-mail: | [email protected] |
| Internet: | www.envitec-biogas.de |
| ISIN: | DE000A0MVLS8 |
| WKN: | A0MVLS |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
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| 186241 25.09.2012 |
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