Utilisation of advantageous market conditions for refinancing transaction of EUR 72 million

02.05.2016 / 08:00 / Shareholder, Stories

Muttenz, May 2, 2016

Medienmitteilung - Communiqué de presse - Media release

Utilisation of advantageous market conditions for refinancing transaction of EUR 72 million

Valora Holding AG successfully placed a Schuldschein issue of EUR 72 million as of April 29, 2016. The transaction refinances the variable portion of the existing Schuldscheindarlehen (EUR 150 million). With this transaction Valora used the current attractive opportunities on the financial market. Due to strong market demand, the issue was significantly oversubscribed. The portion placed with investors offered attractive terms at the lower end of the marketing range.

 

Beside of the utilisation of advantageous market conditions this enables Valora to strengthen its balance-sheet metrics and to extend its maturity structure till 2021. The entire proceeds of this transaction will be directed towards replacing the variable portion of the existing Schuldscheindarlehen of EUR 150 million.

 

The transaction was lead managed by Commerzbank Aktiengesellschaft and Landesbank Baden-Württemberg. The placement was well received by Swiss, German, Austrian and further international investors.