TAKKT AG / Key word(s): Miscellaneous
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 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.
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|Phone:||+49 (0)711 346 58 -0|
|Fax:||+49 (0)711 346 58 - 10|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, München|
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