DGAP-News: Scout24 AG / Key word(s): Financing Scout24 uses proceeds from IPO for debt repayment 26.10.2015 / 10:26 --------------------------------------------------------------------- Scout24 uses proceeds from IPO for debt repayment - Debt repayment of 214 million Euro - Interest savings over 9 million Euro per annum - Rating agencies upgrade Scout24's credit rating Berlin/Munich, October 26, 2015 - As announced during the IPO, Scout24 AG ("Scout24") used the net proceeds from the IPO to redeem part of its debt. Scout24 is therefore improving both the costs of financing and its capital structure. So far this month, a total of 214 million Euros were used to repay outstanding liabilities from a term loan facility. Thus, the net financial liabilities, which amounted to around 950 million Euros on June 30, 2015, were significantly reduced. As a result, the annual interest burden will be approximately 9.1 million Euro lower. "As planned, the successful IPO has enabled us to strengthen our financial position considerably," says Christian Gisy, CFO at Scout24. "Our previously communicated target for the ratio of net debt to ordinary operating EBITDA is 4.00:1 by the end of this year. We have taken a major step towards this." The major rating agencies have already reacted positively to the debt reduction and have upgraded the Company's credit rating accordingly. Standard & Poor's placed its "B" rating on credit watch positive and Moody's assigned a B1 rating with stable outlook on October 23, 2015. ***END*** About Scout24 Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24's digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at www.scout24.com Press contact Marie Fabiunke Head of Corporate Communications & PR Tel.: +49 30 243 01 1427 Email: [email protected] Investor Relations contact Britta Schmidt Vice President Investor Relations & Treasury Tel.: +49 89 44456 3278 Email: [email protected] --------------------------------------------------------------------- 26.10.2015 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: Scout24 AG Dingolfinger Str. 1 - 15 81673 Munich Germany Phone: +49 89 44456 - 0 Fax: +49 89 44456 - 3000 E-mail: [email protected] Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------- 405295 26.10.2015