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DGAP-News: Sixt SE
/ Key word(s): Financing
Sixt SE redeems loan concluded with the participation of KfW and concludes new syndicated credit line of EUR 750 million with renowned bank consortium
With the new credit line, the international mobility service provider is the necessary financial scope to flexibly finance the expansion of its operating business and rental fleet. SIXT expects to see a gradual pick-up in international travel following an easing of the current travel restrictions and contact bans due to the COVID-19 pandemic. The term of the new revolving credit facility is three years and can be extended twice by one year each, so that the maximum term comprises five years. The credit facility can be drawn in various currencies. Commerzbank Aktiengesellschaft, DZ BANK AG, Deutsche Zentral-Genossenschaftsbank and UniCredit Bank AG are the lead arrangers and bookrunners of the credit line. Other lead arrangers and lenders are Crédit Agricole Corporate and Investment Bank, Deutsche Bank and SEB Deutschland. UniCredit Bank AG is the agent. Alexander Sixt, Chief Strategy Officer of Sixt SE: "Thanks to its strong management of the crisis and the rapid adjustment of its cost base, SIXT has weathered the corona crisis in an extraordinarily stable manner so far and is in excellent health. By taking out the new syndicated loan without KfW's participation, we are financially equipping ourselves for an increase in demand for mobility services after corona. This will include the flexible expansion of our fleet, in particular. The future development will depend largely on further government measures and the situation with regard to vaccinations. Together with the successful bond issue of EUR 300 million in December 2020 and other financing options, SIXT is in a position to act quickly, flexibly and with great flexibility to further drive its growth strategy." Jörg Bremer, Chief Financial Officer of Sixt SE: "Despite the high level of uncertainty in the market environment for mobility and the tourism industry, we have succeeded in arranging a large-volume syndicated loan on attractive terms. This once again demonstrates SIXT's excellent standing in the capital and financing markets. The agreement enables us to fully replace the transitional loan we arranged in May 2020 with the participation of Kreditanstalt für Wiederaufbau with long-term financing." About SIXT Press contact
01.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Sixt SE |
| Zugspitzstraße 1 | |
| 82049 Pullach | |
| Germany | |
| Phone: | +49 (0)89 74444-5104 |
| Fax: | +49 (0)89 74444-85104 |
| E-mail: | |
| Internet: | |
| ISIN: | DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024 |
| WKN: | 723132 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1171925 |
| End of News | DGAP News Service |
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1171925 01.03.2021
