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

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DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Funding

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

12.01.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

Vossloh issues a 7-year Schuldschein loan with a fixed interest rate of 0.8% per annum

  • Transaction of 25 M? heavily oversubscribed
  • Attractive interest rate thanks to a significantly improved balance sheet structure

Werdohl, January 12, 2022. Vossloh AG successfully issued a Schuldschein loan in the volume of 25 million euros by means 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% per annum. Vossloh is using the funds to prepay a variable-rate Schuldschein loan of the same amount with an original term until July 2024, which had a minimum interest rate of 1.2% per annum. With this transaction, Vossloh AG secures attractive long-term terms, 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 thanks to the hybrid sustainability note successfully placed in 2021 and on the other hand thanks to the continuous increase in profitability. This is reflected today in the very attractive terms on which we were able to place our Schuldschein loan and underlines the strong confidence of the financial market in our company’s long-term objectives of the group”, explains Dr. Thomas Triska, Director financial institution of Vossloh AG.

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

Media contact details:
Andreas Friedemann (Kirchhoff Consult AG)
Telephone: +49 (0) 2392 52-608
Email: [email protected]

Investor contact details:
Dr. Daniel Gavranovic
Telephone: +49 (0) 2392 52-609
Email: [email protected]

Vossloh is a globally active technology group that has been dedicated to quality, safety, reliability, innovation and customer focus for more than 135 years. Vossloh’s comprehensive line of track-related products and services makes the company a global market leader in this field. Vossloh offers a unique range of services: rail fastening systems, concrete sleepers, switch systems and level crossings as well as innovative and increasingly digital services for the entire life cycle of rails and switches . Vossloh uses its in-depth knowledge of rail infrastructure to meet the key customer need for track network availability.
Vossloh products are used in more than 85 countries. With nearly 80 Group companies in around 30 countries and more than 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 the sustainable mobility of passengers and goods with its products and services.
The Group’s activities are organized into three divisions: Core Components, Customized Modules and Lifecycle Solutions. In the 2020 financial year, Vossloh achieved a turnover of approximately 870 million euros 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
Headquarters: Werdohl, Germany * Commercial register: District Court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Committee: Oliver Schuster (CEO) * Dr Thomas Triska * Jan Furnivall

12.01.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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