SIG successfully places €450 million Schuldschein following strong demand from investors

SIG Group AG / Key word(s): Issue of Debt/Issue of Debt SIG successfully places €450 million Schuldschein following strong demand from investors 13.05.2024 / 07:00 CET/CEST MEDIA RELEASE 13 May 2024

SIG successfully places €450 million Schuldschein following strong demand from investors

SIG today announces it has successfully completed a €450 million Schuldschein placement. The notes are structured in tranches with maturities of four, five and seven years with both fixed and variable interest rates at competitive levels. The high level of demand from a wide range of investors resulted in the transaction being upsized from a launch amount of €200 million.

The new Schuldschein allows SIG to extend its debt maturity profile, whilst continuing to broaden its investor base, following the €650m Schuldschein that it issued in 2022. The weighted average maturity of the placement is approximately five years. The funds are part of a program to refinance existing debt facilities well ahead of their scheduled maturities dates.

SIG’s Schuldschein is the largest placement for a Swiss issuer this year and one of the largest in 2024. The participating investors comprise banks and long-term investors in Europe and Asia, including a strong interest from Swiss institutions. 

Anne Erkens, Chief Financial Officer of SIG, said: “This successful placing of the Schuldschein in a substantial volume again demonstrates investors’ confidence in the strength of SIG’s business model, reflected in the high demand for the notes and competitive pricing achieved by the new issue.”

 

Investor contact:

Ingrid McMahon
Director Investor Relations
Tel: [phone]
Email: [e-mail]

Media contact:

Andreas Hildenbrand
Lemongrass Communications
Tel: [phone]
Email: [e-mail]

 

About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories, and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business, and we strive to create a net positive food packaging system.