14.03.2018
Wacker Neuson SE DE000WACK012
DGAP-News: Wacker Neuson SE: Wacker Neuson successfully issues Schuldschein loan in US dollars
DGAP-News: Wacker Neuson SE / Key word(s): Financing
Wacker Neuson SE: Wacker Neuson successfully issues Schuldschein loan in US
dollars (news with additional features)
14.03.2018 / 13:02
The issuer is solely responsible for the content of this announcement.
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(Munich, March 14, 2018) Munich-based construction equipment manufacturer
Wacker Neuson has successfully issued a Schuldschein loan agreement in the
amount of USD 100 million.
For the first time in company history, the Wacker Neuson Group has placed a
Schuldschein loan agreement in US dollars through its affiliate Wacker
Neuson Corporation based in Menomonee Falls, USA. The Group raised a total
of 100 million dollars with the loan. The Schuldschein loan agreement has
terms of five and seven years. The conditions are favorable compared with
similar instruments issued in US dollars and are at the lower end of the
marketing range, thus underscoring the excellent credit rating that the
international Wacker Neuson Group continues to enjoy.
An important pillar for Wacker Neuson, the US business had previously been
financed from Germany using internal Group loans. "This first Schuldschein
loan agreement in US dollars puts our US Group member on an independent
footing for its financing needs and creates a solid, local financial basis
for our Group to grow strongly in this vital market," explains Wilfried
Trepels, Chief Financial Officer of Wacker Neuson SE. The Schuldschein loan
agreement was issued by the US affiliate, however, the actual agreement is
drafted under German law.
The Schuldschein loan was brokered by Hessische Landesbank, which also
brokered the EUR 125 million Schuldschein loan for Wacker Neuson in February
2017. The Group has now placed a total of three Schuldschein loan
agreements. The first was issued in 2012.
Wacker Neuson SE also plans to replace its previous short-term bank credit
lines with three medium-term bank credit lines. "Both of these measures will
create a solid basis for the Group's long term financing needs, giving us
the headroom we require to achieve our 2022 strategy goals," adds Wilfried
Trepels.
The Group's net financial debt amounted to EUR 195 million at September 30,
2017. This corresponds to gearing of just 18 percent. The Group will publish
its financial figures for fiscal 2017 as a whole on March 20, 2018.
Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Tel. +49-(0)89-35402-173
[email protected]
www.wackerneusongroup.com
About Wacker Neuson
The Wacker Neuson Group is an international family of companies and a
leading manufacturer of light and compact equipment with over 50 affiliates
and 140 sales and service stations. The Group offers its customers a broad
portfolio of products, a wide range of services and an efficient spare parts
service. The product brands Wacker Neuson, Kramer and Weidemann belong to
the Wacker Neuson Group. Wacker Neuson is the partner of choice among
professional users in construction, gardening, landscaping and agriculture,
as well as among municipal bodies and companies in industries such as
recycling, energy and rail transport. In 2016, the Group achieved revenue of
EUR 1.36 billion, employing around 5,000 people worldwide.
www.wackerneusongroup.com
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=UHDJMUFUVN
Document title: EN_Wacker Neuson Group_PM_SSD2018
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14.03.2018 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: Wacker Neuson SE
Preußenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 173
Fax: +49 - (0)89 - 354 02 - 390
E-mail: [email protected]
Internet: www.wackerneusongroup.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
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
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664015 14.03.2018
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