DGAP-News: TAKKT places Schuldschein loan with a volume of EUR 140 million
(firmenpresse) - DGAP-News: TAKKT AG / Key word(s): Miscellaneous
TAKKT places Schuldschein loan with a volume of EUR 140 million
19.10.2012 / 12:00
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TAKKT places Schuldschein loan with a volume of EUR 140 million
Stuttgart, 19 October 2012 - TAKKT AG has successfully issued a
Schuldschein bonded loan with a volume of EUR 140 million. The debut
transaction assures refinancing of an acquisition facility which the
multi-channel direct marketing group headquartered in Stuttgart, Germany,
had borrowed at short notice for the acquisition of Ratioform group,
completed as per 01 July 2012. With this transaction TAKKT AG is expanding
its investor scope and debt financing instruments as well.
The financing offering attracted wide interest of investors and the order
book was noticeably oversubscribed. Maturity periods of three and five
years with fixed and variable interest rates were offered. Due to the keen
demand, the original volume of EUR 75 million was able to be increased to
EUR 140 million and interest conditions could be fixed at the lower end of
the marketing spread.
'The strong demand from institutional investors is a sign of confidence in
the sustainable cash flow strength and the attractive business model of
TAKKT AG even in times of the financial and sovereign debt crisis,' says
CFO Dr Claude Tomaszewski. 'With this Schuldschein loan we are taking early
action to improve the maturity structure of our borrowings and solidify our
long-term financing within a historically favourable interest-rate
environment.'
This successful transaction was supported by Bayerische Landesbank and
Landesbank Baden-Wuerttemberg.
Short profile of TAKKT AG:
TAKKT is the leading multi-channel direct marketing group for business
equipment in Europe and North America. The Group is represented with its
brands in more than 25 countries. The product range of the TAKKT
subsidiaries comprises more than 180,000 products for the areas of business
and warehouse equipment, classic and design-oriented office furniture and
accessories, transport packaging, display articles, supplies for retailers,
the food service industry and the hotel market.
TAKKT Group employs more than 2,000 staff, has over three million customers
worldwide and distributes more than 45 million catalogues and mailings per
year.
TAKKT AG is listed on the SDAX and was admitted to Deutsche Boerse's Prime
Standard on 01 January 2003.
Contacts:
Dr Felix A. Zimmermann, CEO, Tel. +49 711 3465-8201
Dr Claude Tomaszewski, CFO, Tel. +49 711 3465-8207
Email: investor(at)takkt.de
End of Corporate News
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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
GermanyPhone: +49 (0)711 346 58 -0
Fax: +49 (0)711 346 58 - 10
E-mail: investor(at)takkt.de
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, München
End of News DGAP News-Service
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189351 19.10.2012
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Unternehmensinformation / Kurzprofil:
Datum: 19.10.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 194188
Anzahl Zeichen: 4549
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Kategorie:
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