Company / 26.02.2014
 
Press release

HELLA places corporate bond to the tune of 300 million Euros

  • Strengthening of available liquidity and more leeway for maneuvering as regards growth capital expenditures
  • Early refinancing of the bond maturing in October
  • Interest coupon of 1.250 percent for a bond lifespan stretching up to 2017
09/10/2014
09/10/2014

Lippstadt, February 26, 2014. The HELLA Group, one of the world's leading automotive suppliers, has successfully placed on the capital market a corporate bond amounting to 300 million Euros. The bond was issued with a fixed interest coupon of 1.250 percent and has a lifespan of three-and-a-half years. The instrument of title has been strongly in demand by reputable institutional investors both at home and abroad. And the order book was oversubscribed 6 times. This successful placement means that HELLA has continued to strengthen its own position of liquidity. Furthermore, more room has been created for maneuvering when it comes to future investments in the Group's growth program and in its endeavors to ramp up competitive capacity.

 

"With the issuing of this new bond, we are continuing to diversify our loan capital basis and we are improving our maturity profile," explains Dr. Wolfgang Ollig, Managing Director of Finance and Controlling. "As a result of an equity ratio of 32 percent and available liquidity of over 500 million Euros, HELLA is exceptionally well positioned to actively press ahead with its international growth strategy."

 

As far back as October 2009 and again in January 2013, HELLA successfully issued bonds amounting to 300 and then 500 million Euros. HELLA will use some of the current cash flow to refinance the bond issued in 2009, which is due to mature in October 2014. This latest issuance was accompanied by the Commerzbank, the Danske Bank and the Deutsche Bank.

 
2014
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02/02/2015
Contact

Dr. Markus Richter
Company Spokesman
Rixbecker Str. 75
59552 Lippstadt, Germany
Tel.: +49 2941 38-7545
Fax: +49 2941 38-477545
Markus.Richter@hella.com

 
02/24/2017