TAKKT places Schuldschein loan with a volume of EUR 140 million

TAKKT AG / Key word(s): Miscellaneous

19.10.2012 / 12:00

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.

Dr Felix A. Zimmermann, CEO, Tel. +49 711 3465-8201
Dr Claude Tomaszewski, CFO, Tel. +49 711 3465-8207

Email: investor@takkt.de

End of Corporate News

19.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

189351  19.10.2012

Your Contact

Michael Loch
Michael Loch
Head of Investor Relations
Tel: +49 711 3465-8222