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Valora Holding AG
/ Key word(s): Miscellaneous
Valora refinances with EUR 100 million Schuldschein issue and extends debt maturity profile markedly
02.05.2022 / 07:00
With the new Schuldschein issue worth EUR 100 million with a five- and seven-year term, Valora is partially refinancing a maturing EUR Schuldschein issue early. It is thus improving its long-term financing structure.
On 29 April 2022, Valora placed a Schuldschein issue worth EUR 100 million with a five- and seven-year term on the banking market. Through this transaction, the leading foodvenience provider is able to extend its debt maturity profile markedly and to successfully refinance parts of the Schuldschein issue of EUR 170 million (set to mature in January 2023) at an early stage.
The strong demand exceeded Valora's expectations so that the company increased the original target volume of EUR 75 million by EUR 25 million. The strong interest came from Swiss, German and international investors.
The transaction was overseen by Commerzbank Aktiengesellschaft, DZ BANK AG and Landesbank Baden-Württemberg. It will be closed on 11 July 2022.
This media release is available online at . About Valora
Each and every day, around 15,000 employees in the Valora network work to brighten up their customers' journey with a comprehensive foodvenience offering - nearby, quick, convenient and fresh. The around 2,700 small-scale points of sale of Valora are located at highly frequented locations in Switzerland, Germany, Austria, Luxembourg and the Netherlands. The company includes, among others, k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo and the popular own brand ok.- as well as a continuously growing range of digital services. Valora is also one of the world's leading producers of pretzels and benefits from a well-integrated value chain in the area of baked goods. In 2021, Valora generated annual external sales of CHF 2.2 billion. The Group's registered office is in Muttenz, Switzerland. The registered shares of Valora Holding AG (VALN) are traded on SIX Swiss Exchange AG.
If you have any questions, please do not hesitate to contact:
Investor Relations
Annette Carrer-Martin
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Media Relations
Christina Wahlstrand
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Disclaimer
This document contains forward-looking statements referring to topics that are not based on historical fact and cannot otherwise be proven by referring to past events. Forward-looking statements are based on our current expectations and assumptions and are subject to uncertainties as well as known and unknown risks. These uncertainties and risks, along with other factors, may mean that actual future events and developments, including Valora's results, financial position and development, significantly deviate from what was explicitly or implicitly stated or assumed in the forward-looking statements. The information, opinions and forward-looking statements contained in this document only apply at the time of publication. Valora is not obligated to review or update forward-looking statements in light of new information or future developments or for any other reasons. This media release is not intended as a recommendation to buy securities.
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