26.03.2018
Scout24 AG DE000A12DM80
DGAP-News: Scout24 AG: Scout24 successfully closes first issue of a Schuldschein loan with the amount of EUR 215 million
DGAP-News: Scout24 AG / Key word(s): Financing
Scout24 AG: Scout24 successfully closes first issue of a Schuldschein loan
with the amount of EUR 215 million
26.03.2018 / 09:00
The issuer is solely responsible for the content of this announcement.
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Scout24 successfully closes first issue of a Schuldschein loan with the
amount of EUR 215 million
* Tranches of 3 to 6 years with fixed and variable interest rates
* Oversubscribed due to strong demand
* Schuldschein placed at the lower end of the price range
Berlin / Munich, 26 March 2018 - Scout24 AG ("Scout24" or "the Group"), the
leading operator of digital marketplaces, specialising in the real estate
and automotive sectors in Germany and other selected European countries,
successfully completed the first placement of a Schuldschein loan. Due to
the high demand, the placement was oversubscribed, and all tranches were
placed at the lowest end of the respectively offered price range.
With its first Schuldschein loan, Scout24 is further diversifying its
financing structure and extending its maturities profile. At the same time,
the company is securing attractive long-term interest rates with tranches of
3 to 6 years of fixed interests. Scout24 will use the proceeds of the issue
for a partial repayment of existing financial liabilities and thus increase
the financial flexibility of the Group.
"Our first Schuldschein issue has been another great success for Scout24.
Thus, we were able to successfully exploit the positive momentum of the
strong results for the 2017 financial year and the good conditions on the
Schuldschein market. The placement of all tranches at the lower end of the
price range is a very good result, securing us even better interest-rate
conditions. Thereby we can increase our financial flexibility and create
more freedom for further growth. Last but not least, the good financing
conditions and the high interest from investors are a further proof and
recognition of the excellent operational work we have done in the Group in
recent years," said Christian Gisy, CFO of Scout24 AG.
The Schuldschein loan was placed with professional investors only. More than
40 investors participated in the transaction. The transaction was supported
by ING Bank and Landesbank Baden-Württemberg. Noerr LLP advised Scout24 on
the transaction from a legal perspective.
About Scout24
With our leading digital marketplaces ImmobilienScout24 and AutoScout24 in
Germany and across Europe we are inspiring people to make their best
decisions on finding a home and a car. More than 1,000 employees are working
on the success of our products and services, putting the consumers' needs
first in order to create a connected network for living and mobility.
Scout24 is listed on the Frankfurt Stock Exchange (ISIN: DE000A12DM80, G24).
For further information, please visit www.scout24.com, our Corporate Blog
and Tech Blog, or follow us on Twitter and LinkedIn.
Investor Relations
Britta Schmidt
Vice President Investor Relations & Controlling
Fon: +49 89 44456 3278
Email: [email protected]
Media Relations
Jan Flaskamp
Vice President Communications & Marketing
Fon: +49 30 24301 0721
Email: [email protected]
Disclaimer:
All information contained in this document has been carefully prepared.
However, no reliance may be placed for any purposes whatsoever on the
information contained in this document or on its completeness. No
representation or warranty, express or implied, is given by or on behalf of
the Company or any of its directors, officers or employees or any other
person as to the accuracy or completeness of the information or opinions
contained in this document and no liability whatsoever is accepted by the
Company or any of its directors, officers or employees nor any other person
for any loss howsoever arising, directly or indirectly, from any use of such
information or opinions or otherwise arising in connection therewith.
The information contained in this release is subject to amendment, revision
and updating. Certain statements, beliefs and opinions in this document are
forward-looking, which reflect the Company's or, as appropriate, senior
management's current expectations and projections about future events. By
their nature, forward-looking statements involve a number of risks,
uncertainties and assumptions that could cause actual results or events to
differ materially from those expressed or implied by the forward-looking
statements. These risks, uncertainties and assumptions could adversely
affect the outcome and financial effects of the plans and events described
herein. Statements contained in this document regarding past trends or
activities should not be taken as a representation that such trends or
activities will continue in the future. The Company does not undertake any
obligation to update or revise any information contained in this press
release (including forward-looking statements), whether as a result of new
information, future events or otherwise. You should not place undue reliance
on forward-looking statements, which speak only as of the date of this
document.
Scout24 also uses alternative performance measures, not defined by IFRS, to
describe the Scout24 Group's results of operations. These should not be
viewed in isolation but treated as supplementary information. The special
items used to calculate some alternative performance measures arise from the
integration of acquired businesses, restructuring measures, impairments,
gains or losses resulting from divestitures and sales of shareholdings, and
other material expenses and income that generally do not arise in
conjunction with Scout24's ordinary business activities. Alternative
performance measures used by Scout24 are defined in the "Glossary" section
of Scout24's Annual Report 2016 which is available at
www.scout24.com/financial-reports.
Due to rounding, numbers presented throughout this statement may not add up
precisely to the totals indicated, and percentages may not precisely reflect
the absolute figures for the same reason.
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26.03.2018 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: Scout24 AG
Bothestr. 11-15
81675 Munich
Germany
Phone: +49 89 44456 - 0
Fax: +49 89 44456 - 3000
E-mail: [email protected]
Internet: www.scout24.com
ISIN: DE000A12DM80
WKN: A12DM8
Indices: SDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange; London
End of News DGAP News Service
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