Knaus Tabbert AG: Knaus Tabbert successfully places a promissory note loan

DGAP-News: Knaus Tabbert AG / Key word(s): Financing/Bank syndicate

Knaus Tabbert AG: Knaus Tabbert successfully places a promissory note loan

09.06.2022 / 09:22
The issuer is solely responsible for the content of this announcement.

100 million euros with maturities up to 10 years
– Use for investments in capacity expansions
– High investor confidence in the company’s sustainable development

KNAUS TABBERT AG strengthens its strategic financial reserves through the successful placement of a promissory note loan of 100 million euros. Based on marketed volume of €75 million, the transaction was nearly twice oversubscribed.

The volume placed is allocated to maturities between 3, 5, 7 and 10 years. 67% of the transaction was issued in fixed rate tranches. The new loan in the form of a promissory note is another component of the company’s solid and long-term financing policy.

“As part of our long-term financing strategy, we have just successfully concluded a significant and well-prepared transaction with the issuance of this loan in the form of a promissory note. In the context of our good economic situation, the loan increases the scope to generate additional growth and further expand our market position as Europe’s leading manufacturer of leisure vehicles,” said Wolfgang Speck, CEO of Knaus. Tabbert. “We are delighted with the strong interest in this transaction. The strong demand is a vote of confidence in the business from the promissory note investors. The promissory note strengthens our already strong liquidity position and expands the current range financing instruments”, adds the Chief Financial Officer. Mark Hundsdorf.

The transaction was accompanied by the arrangers Commerzbank AG, finpair GmbH and Raiffeisen Bank International AG.

Contact:

Manual Tavern
Telephone: +49 152 020 929 09
Email: [email protected]

09.06.2022 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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