HELLA successfully concludes its refinancing of the 2014/2017 bond

Lippstadt, May 10, 2017. HELLA KGaA Hueck & Co., one of the world’s leading suppliers of lighting and electronic components and systems in the automotive sector, has successfully placed a corporate bond of over 300 million euro on the capital market. The bond has a term of seven years, and pays a coupon of 1.0 per cent per annum. The issuance aroused the interest of respected institutional investors both in Germany and abroad, and was subject to very high demand, as indicated by the fact that the order book was over-subscribed around 8 times.

Bernard Schäferbarthold, Managing Director for Finance and Controlling, states: "The issuance of the new bond allows us to improve our maturity profile and lower our financing costs. HELLA’s equity ratio of 42 per cent and available liquidity of approximately 775 million euro put us in an optimal position to continue to invest in automotive growth fields, and to consolidate our position as an innovation leader. At the same time, we will continue to actively promote our international network strategy."

HELLA has obtained attractive, long-term terms and conditions on the financing markets in this transaction. The cash inflow from the new bond will be used to refinance the bond issued in 2014, which matures in September 2017. The current issuance was conducted with the assistance of Deutsche Bank, LBBW, and UniCredit.