wienerberger secures attractive long-term financing until 2033
EQS News: Wienerberger AG / Key word(s): Strategic
Corporate decision
wienerberger secures attractive long-term financing until 2033
09.04.2024 / 08:30 CET/CEST
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wienerberger secures attractive long-term financing until 2033
* New credit line of EUR 600 million is used to finance the new
acquired Terreal umbrella business activities as well as to
Refinancing of the soon-to-be-matured bond
Vienna, April 9, 2024 – Following the successful closing of Terreal
Acquisition, the largest takeover in over 200 years
Company history, wienerberger now announces the conclusion of one
Long-term loan financing of EUR 600 million announced. The new
The loan has been used to completely refinance a company since the closing of Terreal
Bridge financing drawn from the transaction and the one due in May 2024
Maturity of the corporate bond 2018-24 in the amount of EUR 250 million.
“Long-term loan financing is an essential component
wienerberger’s financing portfolio. It ensures us a strong one
Liquidity at attractive conditions and enables us to continue
sustainable, value-creating growth strategy in a rapidly developing world
Renovation and refurbishment market as well as in the area of infrastructure for water
and energy management,” explains Heimo Scheuch, CEO of wienerberger.
The new loan has a term of nine years and was signed as a club deal
refinancing with five long-standing Wienerberger partner banks
the Oesterreichische Steuerbank AG implemented.
Through the professional and constructive cooperation of all stakeholders
was able to do so just a few weeks after the successful closing of Terreal
existing bridge financing completely through this long-term financing
be replaced. The new financing is strong against this background
due to declining interest rate expectations and will still have a fully variable interest rate
depending on further market developments in the long term
Interest rate hedging added. The financing includes flexibly adapted
Repayment rates until 2033 and thus optimizes this
Maturity profile from wienerberger.
wienerberger
wienerberger is a leading provider of innovative, ecological solutions
for the entire building envelope in the areas of new construction and renovation as well
for infrastructure in water and energy management. With more than 20,000
Wienerberger makes it possible for employees worldwide with its solutions
energy-efficient, healthy, climate-friendly and affordable living.
wienerberger is the largest brick producer in the world and market leader in
Clay roof tiles in Europe as well as concrete surface paving in Eastern Europe.
When it comes to pipe systems (stoneware and plastic pipes), the company is one of them
the leading providers in Europe. With the acquisition of Meridian Brick
wienerberger has maintained its position as a leading provider of
Facade products expanded further in North America. With more than group-wide
Wienerberger will have 200 production locations in 2023
Sales of around EUR 4.2 billion and an operating EBITDA of EUR 811 million.
Inquiry note
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com
04/09/2024 CET/CEST Publication of a corporate news/financial news,
transmitted by EQS Group AG. www.eqs.com
Language: German
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-Mail: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Stock exchanges: Vienna Stock Exchange (official trading)
EQS News ID: 1875761
End of message EQS News Service
1875761 09.04.2024 CET/CEST
ISIN AT0000831706
AXC0056 2024-04-09/08:30
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2024-04-09 08:03:13
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