09.04.2018
Scout24 AG DE000A12DM80
DGAP-News: Scout24: Further debt repayment at the end of March 2018
DGAP-News: Scout24 AG / Key word(s): Financing
Scout24: Further debt repayment at the end of March 2018
09.04.2018 / 07:57
The issuer is solely responsible for the content of this announcement.
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Scout24: Further debt repayment at the end of March 2018
* EUR 250 million loan repayment towards the existing bank loan
* Repayment partly financed by proceeds from the first Schuldschein loan
Berlin / Munich, 9 April 2018 - Scout24 AG ("Scout24" or "the Group"), the
leading operator of digital marketplaces specializing in the real estate and
automotive sectors in Germany and other selected European countries, has
made a repayment in the amount of EUR 250 million towards its existing bank
loan.
The repayment was financed by the proceeds from the first Schuldschein loan
in the amount of EUR 215 million and own liquid assets from excess cashflow
in the amount of EUR 35 million. On the back of the loan repayment, the
total outstanding debt of the Group was reduced by EUR 35 million. The debt
on the existing bank loan now amounts to EUR 370 million after the
repayment.
At the beginning of 2018, Scout24 successfully placed its first Schuldschein
loan in the amount of EUR 215 million. 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 the first Schuldschein loan
placement, Scout24 further diversifyied its financing structure and extended
its maturities profile. At the same time, the company secured attractive
long-term interest rates with tranches of 3 to 6 years of fixed interests.
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.
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09.04.2018 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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