Salzgitter AG - Capital/Financing Update 2016

News Details

Corporate | 1 April 2016 11:13

Salzgitter AG: Salzgitter Klöckner-Werke GmbH places its debut bonded loan of EUR 200 million

DGAP-News: Salzgitter AG / Key word(s): Financing

2016-04-01 / 11:13

The issuer is solely responsible for the content of this announcement.

Salzgitter Klöckner-Werke GmbH places its debut bonded loan of EUR 200 million

– Salzgitter AG uses bonded loan to further optimize its financing structure

– Investors show lively interest despite difficult industry environment

Salzgitter Klöckner-Werke GmbH, a wholly-owned subsidiary of Salzgitter AG, has successfully issued its first bonded loan in an overall volume of EUR 200 million.

The bond, denominated in the two currencies of euro and US dollar, was placed by Lead Arranger Bayerische Landesbank, Commerzbank AG, Deutsche Bank AG, NORD/LB Norddeutsche Landesbank Girozentrale and UniCredit Bank AG with a very international group of investors.

The volume is divided into fixed and variable tranches in three, five and seven years. The huge interest of international investors who contributed a share of more than 50% to the overall volume was particularly pleasing. The initial average interest across all tranches amounts to around 1.8% p.a. Disbursement is carried out on the value date of April 5, 2016.

Chief Executive Officer Prof. Dr.-Ing. Heinz Jörg Fuhrmann commented as follows: “Given the currently difficult industry environment, we are very happy with the transaction. We intend to use the funds gained from this transaction to finance our international growth, among other measures.”

Contact:

Markus Heidler

Head of Investor Relations

Salzgitter AG

Eisenhüttenstraße 99

38239 Salzgitter

Phone +49 5341 21-6105

Fax +49 5341 21-2570

E-Mail [email protected]

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Language:	English
Company:	Salzgitter AG
	Eisenhüttenstraße 99
	38239 Salzgitter
	Germany
Phone:	+49 5341 21-01
Fax:	+49 5341 21-2727
E-mail:	[email protected]
Internet:	www.salzgitter-ag.de
ISIN:	DE0006202005
WKN:	620200
Listed:	Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX