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SAF-HOLLAND S.A. places a EUR 200 million promissory note loan
2909 
0 KommentareDGAP-News: SAF-HOLLAND S.A. / Key word(s): Miscellaneous
SAF-HOLLAND S.A. places a EUR 200 million promissory note loan
27.11.2015 / 15:00
The issuer is solely responsible for the content of this announcement.
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SAF-HOLLAND S.A. places a EUR 200 million promissory note loan
27.11.2015 / 15:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Luxembourg, November 27, 2015 - SAF-HOLLAND S.A., Europe's largest
publically listed commercial vehicle supplier, issued a EUR 200 million
promissory note loan, providing the company with additional funding and
greater flexibility.
The proceeds from the promissory note loan give the company additional
leeway to finance growth, make select acquisitions, and form joint ventures
in promising markets as part of its 2020 strategy.
The transaction was oversubscribed boosting the total issue volume from an
originally targeted EUR 125 million to a final total of EUR 200 million.
The repayment profile consists of maturities of 5, 7, and 10 years to a
large extent at fixed interest rates, which allows the company to take
advantage of the current low interest rate environment and finance itself
at favorable interest rates for the long term. The transaction was
accompanied by Commerzbank, HSBC, IKB, UniCredit.
"The placement of our first promissory note loan has opened the door to a
new and flexible source of financing. We are pleased with how well this
offer was embraced by investors. Thus we were able to lock-in historically
low interest rates for a time span of up to 10 years" commented Wilfried
Trepels, CFO of SAF-Holland.
The loan's placement and the increase in the company's credit lines to EUR
156 million have laid the groundwork for implementing the company's 2020
strategy. This strategy envisages an increase in Group sales driven by
organic growth from EUR 960 million in 2014 to approximately EUR 1,250
million by 2020 and, including external growth, to a level of roughly EUR
1,500 million.
"Collaborations, joint ventures and acquisitions are expected to
facilitate quicker market access and strengthen the company's existing
position - especially in the NEXT-11 and MINT markets - by combining our
technology and brand with a local market presence," explains CEO Detlef
Borghardt with respect to today's closing of the transaction.
Company profile:
SAF-HOLLAND S.A., located in Luxembourg, is the largest listed supplier to
the commercial vehicle market in Europe. With sales of approximately EUR
960 million in 2014 and more than 3,000 employees, the company is one of
the world's leading manufacturers and suppliers of chassis-related systems
and components primarily for trailers, trucks, buses, and recreational
vehicles. The product range comprises axle and suspension systems, fifth
wheels, kingpins, and landing gear and is marketed under the brands SAF,
HOLLAND, and Neway. SAF-HOLLAND sells its products to Original Equipment
Manufacturers (OEMs) on six continents. The Aftermarket Business Unit sells
spare parts to the Original Equipment Service (OES) of the manufacturers
and to end customers and service centers through its own extensive global
service and distribution network. SAF-HOLLAND is one of the few suppliers
in the truck and trailer industry that is internationally positioned in
almost all markets worldwide.
Contact:
SAF-HOLLAND GmbH
Stephan Haas
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
Stephan.Haas@safholland.de
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27.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info@safholland.de
Internet: www.safholland.com
ISIN: LU0307018795, DE000A1HA979,
WKN: A0MU70, A1HA97
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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418675 27.11.2015
publically listed commercial vehicle supplier, issued a EUR 200 million
promissory note loan, providing the company with additional funding and
greater flexibility.
The proceeds from the promissory note loan give the company additional
leeway to finance growth, make select acquisitions, and form joint ventures
in promising markets as part of its 2020 strategy.
The transaction was oversubscribed boosting the total issue volume from an
originally targeted EUR 125 million to a final total of EUR 200 million.
The repayment profile consists of maturities of 5, 7, and 10 years to a
large extent at fixed interest rates, which allows the company to take
advantage of the current low interest rate environment and finance itself
at favorable interest rates for the long term. The transaction was
accompanied by Commerzbank, HSBC, IKB, UniCredit.
"The placement of our first promissory note loan has opened the door to a
new and flexible source of financing. We are pleased with how well this
offer was embraced by investors. Thus we were able to lock-in historically
low interest rates for a time span of up to 10 years" commented Wilfried
Trepels, CFO of SAF-Holland.
The loan's placement and the increase in the company's credit lines to EUR
156 million have laid the groundwork for implementing the company's 2020
strategy. This strategy envisages an increase in Group sales driven by
organic growth from EUR 960 million in 2014 to approximately EUR 1,250
million by 2020 and, including external growth, to a level of roughly EUR
1,500 million.
"Collaborations, joint ventures and acquisitions are expected to
facilitate quicker market access and strengthen the company's existing
position - especially in the NEXT-11 and MINT markets - by combining our
technology and brand with a local market presence," explains CEO Detlef
Borghardt with respect to today's closing of the transaction.
Company profile:
SAF-HOLLAND S.A., located in Luxembourg, is the largest listed supplier to
the commercial vehicle market in Europe. With sales of approximately EUR
960 million in 2014 and more than 3,000 employees, the company is one of
the world's leading manufacturers and suppliers of chassis-related systems
and components primarily for trailers, trucks, buses, and recreational
vehicles. The product range comprises axle and suspension systems, fifth
wheels, kingpins, and landing gear and is marketed under the brands SAF,
HOLLAND, and Neway. SAF-HOLLAND sells its products to Original Equipment
Manufacturers (OEMs) on six continents. The Aftermarket Business Unit sells
spare parts to the Original Equipment Service (OES) of the manufacturers
and to end customers and service centers through its own extensive global
service and distribution network. SAF-HOLLAND is one of the few suppliers
in the truck and trailer industry that is internationally positioned in
almost all markets worldwide.
Contact:
SAF-HOLLAND GmbH
Stephan Haas
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
Stephan.Haas@safholland.de
---------------------------------------------------------------------------
27.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info@safholland.de
Internet: www.safholland.com
ISIN: LU0307018795, DE000A1HA979,
WKN: A0MU70, A1HA97
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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418675 27.11.2015
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