30.06.2016
Sixt Leasing AG DE000A0DPRE6
DGAP-News: Sixt Leasing starts ABS programme
DGAP-News: Sixt Leasing AG / Key word(s): Financing
Sixt Leasing starts ABS programme
30.06.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Sixt Leasing starts ABS programme
Pullach, 30 June 2016 - Sixt Leasing AG, one of the largest non-bank,
vendor-neutral full-service leasing companies in Germany, at the end of
June successfully launched the asset backed securities (ABS) programme it
had previously announced. The programme is geared to refinance leasing
contracts and thereby serves as another central building block to the
company's financing mix.
As a first step the ABS programme starts out with Commerzbank AG, which is
providing a financing volume of EUR 250 million. The plan is for more banks
to be joining the programme over the next months, in order to reach the
mid-term target level of EUR 500 million.
In turn, another tranche of EUR 209 million from the Core Loan, which is
provided by Sixt SE, has been redeemed at the end of the first half of 2016
in line with plan.
Björn Waldow, CFO of Sixt Leasing AG: "Starting the ABS programme and
paying back almost one third of the outstanding inter-company financing,
brought us a significant step closer to our goal of building up an
independent external financing for the Sixt Leasing AG. The repayment was
made at the earliest possible time and thereby allows us to significantly
lower our interest rate expenses."
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About Sixt Leasing
Sixt Leasing AG (WKN: A0DPRE / ISIN: DE000A0DPRE6) has its registered
offices in Pullach near Munich. For over 50 years already 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 AG 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 AG
Corporate Communications
Frank Elsner / Frank Paschen
Tel.: +49 (0)89/ 99 24 96 - 30
Fax: +49 (0)89/ 99 24 96 - 32
Email: [email protected]
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30.06.2016 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 AG
Zugspitzstraße 1
82049 Pullach
Germany
Phone: +49 (0)89 744 44 - 4518
Fax: +49 (0)89 744 44 - 8 4518
E-mail: [email protected]
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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475787 30.06.2016
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