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DGAP-News: Vitesco Technologies Group AG
/ Key word(s): Financing
Vitesco Technologies places EUR 200 million Schuldschein loan - Debut Schuldschein loan with a total volume of EUR 200 million placed in a challenging market environment - "The Schuldschein loan strengthens our already solid liquidity position and expands the current mix of financing instruments," says Werner Volz, CFO of Vitesco Technologies.
The overall transaction comprises tranches with terms of three, five, seven and ten years, which could be priced at the lower end of the marketing range. The tranches were offered with both fixed and variable interest rates. The Schuldschein loan was arranged by Helaba, LBBW and UniCredit. "The Schuldschein loan strengthens our already solid liquidity position and expands the current mix of financing instruments," says Werner Volz, CFO of Vitesco Technologies. Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. With smart system solutions and components for electric, hybrid and internal combustion drivetrains, Vitesco Technologies makes mobility clean, efficient, and affordable. The product range includes electrified drivetrain systems, electronic control units, sensors and actuators, and exhaust-gas aftertreatment solutions. In 2020, Vitesco Technologies recorded sales of €8 billion and employs more than 40,000 employees at about 50 locations worldwide. Vitesco Technologies is headquartered in Regensburg, Germany.
Contacts for Journalists Fabian Kutz Simone Geldhäuser News portal https://www.vitesco-technologies.com/en-us/press Social Media www.linkedin.com/company/vitesco-technologies www.facebook.com/VitescoTechnologies www.instagram.com/vitesco_technologies
15.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Vitesco Technologies Group AG |
| Siemensstraße 12 | |
| 93055 Regensburg | |
| Germany | |
| Phone: | +49 941 2031 0 |
| E-mail: | ir@vitesco.com |
| Internet: | www.vitesco-technologies.com |
| ISIN: | DE000VTSC017 |
| WKN: | VTSC01 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1302195 |
| End of News | DGAP News Service |
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1302195 15.03.2022
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