DGAP-Adhoc: Sixt SE: Sixt SE sings syndicated loan agreement with bank consortium including KfW
DGAP-Ad-hoc: Sixt SE / Key word(s): Financing 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. |
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
Sixt SE ST Stock
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 €.