Brief: Stabilus Issues Promissory Note In Amount Of EUR 95 Mln

Stabilus SE

04/03/2021 06:10

March 4 (Reuters) - STABILUS SA  STAB.DE :
    * ISSUES ITS FIRST PROMISSORY NOTE (SCHULDSCHEIN) IN THE
AMOUNT OF
EUR 95 MILLION
    * ISSUE WAS HEAVILY OVERSUBSCRIBED, WHICH ENABLED GROUP TO
SIGNIFICANTLY INCREASE TOTAL VOLUME COMPARED TO INITIALLY
PLANNED EUR 50 MILLION
    * TRANCHES OF SCHULDSCHEIN LOAN WITH MATURITIES OF FIVE AND
SEVEN
YEARS EACH BEAR VARIABLE INTEREST RATES
    * ISSUE OF PROMISSORY NOTE (SCHULDSCHEIN) FURTHERMORE
PROVIDES
FINANCIAL CERTAINTY FOR PERIOD AFTER END OF MATURITY OF MAIN
EXISTING LOANS IN 2023

Source text for Eikon:  ID:nEQ58s5Z7a 
Further company coverage:  STAB.DE 

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