Vitesco Technologies, a leading
international provider of modern drive technologies and
electrification solutions for sustainable mobility, has successfully
taken out a Schuldschein loan in the amount of 200 million euros. In
a currently challenging market environment, this long-term loan is an
important component of the company’s financial strategy and at the
same time contributes to investor diversification.
The overall transaction comprises tranches with terms of three, five,
seven and ten years, which could be priced at the lower end of the
marketing range. The tranches were offered with both fixed and
variable interest rates. The Schuldschein loan was arranged by
Helaba, LBBW and UniCredit.
“The Schuldschein loan strengthens our already solid liquidity
position and expands the current mix of financing instruments,” says
Werner Volz, CFO of Vitesco Technologies.
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