DGAP-News
Sixt Leasing raises ABS programme to EUR 500 million
DGAP-News: Sixt Leasing SE / Key word(s): Financing
Sixt Leasing raises ABS programme to EUR 500 million
29.07.2016 / 08:44
The issuer is solely responsible for the content of this announcement.
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Sixt Leasing raises ABS programme to EUR 500 million
29.07.2016 / 08:44
The issuer is solely responsible for the content of this announcement.
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Sixt Leasing raises ABS programme to EUR 500 million
- Hence further financing building block successfully completed
Pullach, 29 July 2016 - Sixt Leasing SE, one of the largest non-bank,
vendor-neutral full-service leasing companies in Germany, at the end of
July ramped up its asset backed securities (ABS) programme as planned to
the target volume of EUR 500 million.
After having launched the ABS programme in the end of June with Commerzbank
AG, now a second bank, the Landesbank Baden-Württemberg (LBBW), was
successfully integrated into the programme. Both banking partners provide a
financing volume of EUR 250 million each.
Björn Waldow, CFO of Sixt Leasing SE: "We are delighted that only one month
after starting the ABS programme we could get another bank on board. With
reaching the target volume of EUR 500 million, we were able to complete the
next building block of our intended financing mix. Hence, we are fully on
target regarding the reorganisation of the Group financing to external
sources."
About Sixt Leasing
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has its registered
offices in Pullach near Munich. For about 50 years the Company has
been one of the leading German mobility service providers. In addition, it
is represented in further Western European countries and through strong
franchise partners in around 35 countries worldwide. Sixt Leasing offers
comprehensive services in its business fields Fleet Leasing, Fleet
Management and Online Retail (private and commercial customer leasing).
In its Fleet Leasing business field the Company develops tailored full-
service leasing solutions for corporate customers. It optimises their
fleets' total cost of ownership over the long term and independent of
manufacturer interests. Through its subsidiary Sixt Mobility Consulting
GmbH, the Fleet Management business field offers this expertise also to
customers who bought or leased their vehicles from a third party. For
private and commercial customers Sixt Leasing developed the online platform
www.sixt-neuwagen.de. The innovative website provides the means to
configure the latest vehicle models from over 30 different car
manufacturers and obtain an individual leasing offer. Customers thereby
benefit from Sixt Leasing's expertise and economies of scale when buying
their vehicle in the form of attractive conditions and additional services.
Since 7 May 2015 the shares of Sixt Leasing SE are traded on the Prime
Standard Segment of the Frankfurt Stock Exchange. In 2015 the Group
generated revenues of EUR 665 million.
www.sixt-leasing.com
--
Contact:
Sixt Leasing SE
Corporate Communications
Frank Elsner / Frank Paschen
Tel.: +49 (0)89/ 99 24 96 - 30
Fax: +49 (0)89/ 99 24 96 - 32
Email: office@elsner-kommunikation.de
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29.07.2016 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.
Archive at www.dgap.de
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Language: English
Company: Sixt Leasing SE
Zugspitzstraße 1
82049 Pullach
Germany
Phone: +49 (0)89 744 44 - 4518
Fax: +49 (0)89 744 44 - 8 4518
E-mail: ir-leasing@sixt.com
Internet: http://www.sixt-leasing.de
ISIN: DE000A0DPRE6
WKN: A0DPRE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
487493 29.07.2016
- Hence further financing building block successfully completed
Pullach, 29 July 2016 - Sixt Leasing SE, one of the largest non-bank,
vendor-neutral full-service leasing companies in Germany, at the end of
July ramped up its asset backed securities (ABS) programme as planned to
the target volume of EUR 500 million.
After having launched the ABS programme in the end of June with Commerzbank
AG, now a second bank, the Landesbank Baden-Württemberg (LBBW), was
successfully integrated into the programme. Both banking partners provide a
financing volume of EUR 250 million each.
Björn Waldow, CFO of Sixt Leasing SE: "We are delighted that only one month
after starting the ABS programme we could get another bank on board. With
reaching the target volume of EUR 500 million, we were able to complete the
next building block of our intended financing mix. Hence, we are fully on
target regarding the reorganisation of the Group financing to external
sources."
About Sixt Leasing
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has its registered
offices in Pullach near Munich. For about 50 years the Company has
been one of the leading German mobility service providers. In addition, it
is represented in further Western European countries and through strong
franchise partners in around 35 countries worldwide. Sixt Leasing offers
comprehensive services in its business fields Fleet Leasing, Fleet
Management and Online Retail (private and commercial customer leasing).
In its Fleet Leasing business field the Company develops tailored full-
service leasing solutions for corporate customers. It optimises their
fleets' total cost of ownership over the long term and independent of
manufacturer interests. Through its subsidiary Sixt Mobility Consulting
GmbH, the Fleet Management business field offers this expertise also to
customers who bought or leased their vehicles from a third party. For
private and commercial customers Sixt Leasing developed the online platform
www.sixt-neuwagen.de. The innovative website provides the means to
configure the latest vehicle models from over 30 different car
manufacturers and obtain an individual leasing offer. Customers thereby
benefit from Sixt Leasing's expertise and economies of scale when buying
their vehicle in the form of attractive conditions and additional services.
Since 7 May 2015 the shares of Sixt Leasing SE are traded on the Prime
Standard Segment of the Frankfurt Stock Exchange. In 2015 the Group
generated revenues of EUR 665 million.
www.sixt-leasing.com
--
Contact:
Sixt Leasing SE
Corporate Communications
Frank Elsner / Frank Paschen
Tel.: +49 (0)89/ 99 24 96 - 30
Fax: +49 (0)89/ 99 24 96 - 32
Email: office@elsner-kommunikation.de
---------------------------------------------------------------------------
29.07.2016 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.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Sixt Leasing SE
Zugspitzstraße 1
82049 Pullach
Germany
Phone: +49 (0)89 744 44 - 4518
Fax: +49 (0)89 744 44 - 8 4518
E-mail: ir-leasing@sixt.com
Internet: http://www.sixt-leasing.de
ISIN: DE000A0DPRE6
WKN: A0DPRE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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487493 29.07.2016
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