Dürr places bonded loan for € 300 million - Dürr Group

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Press Release Mar 24, 2016

Bietigheim-Bissingen, March 24, 2016 - Dürr AG has placed a bonded loan for € 300 million subject to favorable terms and conditions. The total volume is distributed across a number of tranches with maturities of five, seven and ten years, respectively. The average interest paid amounts to approx. 1.6% per annum.

The proceeds are intended for general corporate funding purposes and will reinforce the company’s liquidity. Dürr plans to use this as a basis for continuing its strategic acquisition course and to generate further growth. Ralph Heuwing, CFO of Dürr AG: “This bonded loan has enabled us to secure extremely favorable long-term financing conditions and to further enhance the spread of our maturities profile. Our comfortable liquidity position provides us with scope for further strategic development of the Group. At the same time, we can safely finance our operations and we stand to benefit from sustainable, solid balance sheet ratios.”

The response from the investor community was extremely positive. The bonded loan was subscribed to by numerous banks in Germany and abroad; in total, there was a substantial oversubscription. The tranche with a ten-year maturity was also serviced very well. The issue was carried out with the support of Commerzbank, Landesbank Baden-Württemberg and Unicredit.