Ströer optimizes its maturity structure and increases its financial flexibility through successful refinancing (Kopie 1)

Ströer today successfully placed a borrower’s note loan worth EUR 170 m on the capital market. Due to demand, the transaction was oversubscribed. It was possible to secure attractive conditions for the subscribed tranches. The successful issuance of the borrower’s note loan is an important step in Ströer’s long-term financing strategy. The borrower’s note loan will primarily be used to repay the syndicated bank loan (term loan portion) and for general business purposes. By doing so, the company is further diversifying its investor base, increasing its own financial flexibility and optimizing the maturity structure of its financial liabilities.

The transaction was overseen by Commerzbank, Deutsche Bank, Landesbank Baden-Württemberg and SEB. The placement was received by German and international investors.

Disclaimer

This press release contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ströer or the Ströer Group to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. These forward looking statements speak only as of the date of this press release and are based on numerous assumptions which may or may not prove to be correct. No representation or warranty, express or implied, is made by Ströer with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this press release is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning Ströer or the Ströer Group. Ströer undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of new information, future events or otherwise.