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EQS-News: Wienerberger AG
/ Key word(s): Strategic Company Decision
wienerberger secures attractive long-term financing until 2033
Vienna, April 9, 2024 – Following the closing of the Terreal acquisition, the largest in the company's 200-year history, wienerberger has successfully arranged a long-term loan facility in the amount of € 600 million. The new loan provides the necessary liquidity to fully refinance a bridge loan drawn at closing of the Terreal transaction as well as the upcoming€ 250 million bond 2018-24 maturity in May 2024. "Long-term financing is an essential component of wienerberger’s financing portfolio. It secures a high level of liquidity on attractive conditions and enables us to further pursue our sustainable, value-creating growth in renovation, new build and infrastructure for water and energy management", explains Heimo Scheuch, CEO of wienerberger. The new loan facility has a term of nine years, was arranged as a club deal with five of wienerberger’s long-standing partner banks and refinanced by Oesterreichische Kontrollbank AG. Thanks to the professional and constructive cooperation among all stakeholders, the existing bridge financing was replaced by this long-term financing facility just a few weeks after the successful closing of the Terreal acquisition. Against the background of strongly declining interest rate expectations the new loan’s interest rate is still fully variable, a supplementary interest rate hedge will be added depending on the further market development. The new loan facility provides for flexible repayments until 2033 and thus optimizes wienerberger's maturity profile. wienerberger
09.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG. |
| Language: | English |
| Company: | Wienerberger AG |
| Wienerbergerplatz 1 | |
| 1100 Wien | |
| Austria | |
| Phone: | |
| Fax: | 159 |
| E-mail: | |
| Internet: | |
| ISIN: | AT0000831706 |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1875761 |
| End of News | EQS News Service |
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1875761 09.04.2024 CET/CEST
