Vitesco Technologies Group AG: Vitesco Technologies Grants €200 Million Schuldschein Loan

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DGAP-News: Vitesco Technologies Group AG / Keyword(s): Financing

Vitesco Technologies Group AG: Vitesco Technologies Grants €200 Million Schuldschein Loan

15.03.2022 / 08:00
The issuer is solely responsible for the content of this announcement.

Vitesco Technologies provides €200 million Schuldschein loan

First Schuldschein loan for a total volume of 200 million euros placed in a difficult market environment

– “The Schuldschein loan strengthens our already strong liquidity position and expands the current range of financing instruments”, says Werner Volz, CFO of Vitesco Technologies.

Regensburg, March 15, 2022. Vitesco Technologies, one of the leading international providers of modern drive technologies and electrification solutions for sustainable mobility, has successfully concluded a Schuldschein loan in the amount of 200 million euros. In a currently difficult market environment, this long-term loan is an important element of the company’s financial strategy and at the same time contributes to the diversification of investors.

The overall transaction includes tranches with terms of three, five, seven and ten years, which could be priced at the lower end of the marketing range. The tranches were offered with fixed and variable interest rates. The Schuldschein loan was arranged by Helaba, LBBW and UniCredit.

“The Schuldschein loan strengthens our already strong liquidity position and expands the current range of financing instruments,” said Werner Volz, CFO of Vitesco Technologies.

Vitesco Technologies is a leading international developer and manufacturer of advanced powertrain technologies for sustainable mobility. With intelligent system solutions and components for electric, hybrid and internal combustion drivetrains, Vitesco Technologies makes mobility clean, efficient and affordable. The product range includes electrified drive systems, electronic control units, sensors and actuators, as well as exhaust aftertreatment solutions. In 2020, Vitesco Technologies recorded a turnover of 8 billion euros and employs more than 40,000 people at around fifty sites around the world. Vitesco Technologies is headquartered in Regensburg, Germany.

Contacts for journalists

Fabien Kutz
Finance & Business Spokesperson
Telephone: +49 (0) 941 2031-61904
[email protected]

Simone Geldhäuser
Media Relations Manager
Telephone: +49 (0) 941 2031-61302
[email protected]

News portal

https://www.vitesco-technologies.com/en-us/press

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15.03.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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