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DGAP-News: Schaeffler AG
/ Key word(s): Financing
Schaeffler places 350 million euro green Schuldschein loan
 - Schuldschein totaling approximately 350 million euros makes its debut in difficult market environment - Schuldschein includes green tranches designated for a portfolio of sustainable projects
"This successful debut on the Schuldschein market in the current very difficult environment is a key building block of our financing strategy. The Schuldschein helps diversify our investor base and broadens our current financing mix. It also lends additional strength to the Schaeffler Group's solid liquidity position," states Dietmar Heinrich, CFO of Schaeffler AG. Schaeffler will use its recently issued green Schuldschein loan tranches to refinance a portfolio of projects focusing on products for zero-emission mobility such as electric motors and electric axles as well as products for generating climate-friendly energy using wind power. Additionally, the instruments will be used to invest in making Schaeffler's worldwide production more sustainable with respect to minimizing waste and waste water and reducing energy consumption. The proceeds assigned to the green project portfolio had already been fully allocated when the Schuldschein was issued. The Schuldschein transaction consisted of tranches with three-, five-, and eight-year terms. The tranches were offered with fixed as well as variable interest terms. The transaction was marketed digitally via the vc trade financing platform and underwritten by Bayern LB, Helaba, ING, and UniCredit. ING acted as "green advisor" as well. Schaeffler AG's "Green Finance Framework" and its independent evaluation by Sustainalytics is available from Schaeffler AG's website: ÂAbout Schaeffler Contacts
09.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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| Language: | English |
| Company: | Schaeffler AG |
| Industriestr. 1-3 | |
| 91074 Herzogenaurach | |
| Germany | |
| Phone: | 09132 - 82 0 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000SHA0159 |
| WKN: | SHA015 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1019323 |
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| End of News | DGAP News Service |
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1019323Â Â 09.04.2020Â
