Brief: Schaeffler Issues Bonds To Finance Acquisition Of Vitesco Shares

Schaeffler AG

09/01/2024 08:06

Jan 9 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * ISSUANCE PROCEEDS PRIMARILY TO BE USED FOR REFINANCING
ACQUISITION OF VITESCO SHARES
    * BOND ISSUANCE WAS OVERSUBSCRIBED SEVERAL TIMES
    * BOND ISSUANCE WITH A TOTAL VOLUME OF 1.1 BILLION EUROS IN
TWO
TRANCHES WITH TENOR OF TWO AND A HALF AND FIVE AND A HALF YEARS
    * PUBLIC TENDER OFFER TO VITESCO SHAREHOLDERS WITH
CONSIDERATION
OF ABOUT 1.1 BILLION EUROS SUCCESSFULLY COMPLETED ON JANUARY 5,
2024
    * NEW BOND ISSUANCE IS SCHEDULED TO BE SETTLED ON JANUARY
15, 2024

Source text for Eikon:  ID:nEQ50SbBsa 
Further company coverage:  SHA_p.DE 

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