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DGAP-Adhoc: Sixt SE: Sixt SE sings syndicated loan agreement with bank consortium including KfW

eqs_en 
0 0 06.05.20
DGAP-Adhoc: Sixt SE: Sixt SE sings syndicated loan agreement with bank consortium including KfW: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24124/362px-Sixt-Logo.svg.png
 

DGAP-Ad-hoc: Sixt SE / Key word(s): Financing
Sixt SE: Sixt SE sings syndicated loan agreement with bank consortium including KfW

06-May-2020 / 17:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Sixt SE sings syndicated loan agreement with bank consortium including KfW

Pullach, 6 May 2020 - Today, Sixt SE signed a syndicated loan with a consortium of banks consisting of Bayerische Landesbank, Commerzbank Aktiengesellschaft, DZ BANK AG and UniCredit Bank AG as well as the German state-owned "Kreditanstalt für Wiederaufbau" (KfW Bank). It is a revolving credit line of up to EUR 1.5 billion, concluded at market conditions and with a term up to two years. One of the conditions of this syndicated loan is a waiver by Sixt SE of dividend payments during the term of the loan, with the exception of the annual minimum dividend of EUR 0.05 paid for preference shares.

The syndicated loan serves to secure the financial flexibility, especially for financing Sixt Group's rental fleet. Under normal market conditions, financing would be raised to a considerable extent on the capital market. However, the capital market is currently not accessible for Sixt SE due to the COVID-19 pandemic.



Contact:
Nicole Schillinger
Head of Investor Relations
Sixt SE
Tel.: +49 (0)89 74444-5104
Email: [email protected]

06-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Sixt SE
Zugspitzstraße 1
82049 Pullach
Germany
Phone: +49 (0)89 74444-5104
Fax: +49 (0)89 74444-85104
E-mail: [email protected]
Internet: http://ir.sixt.com
ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024
WKN: 723132
Indices: SDAX
Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1037577

 
End of Announcement DGAP News Service

1037577  06-May-2020 CET/CEST

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Sixt SE ST Stock

€63.90
0.790%
The Sixt SE ST stock is trending slightly upwards today, with an increase of €0.50 (0.790%) compared to yesterday's price.
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Sixt SE ST.
With a target price of 100 € there is a hugely positive potential of 56.49% for Sixt SE ST compared to the current price of 63.9 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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