ElringKlinger : completes successful placement of Schuldscheindarlehen

14.07.2017

ElringKlinger completes successful placement of Schuldscheindarlehen

- Strong demand from investors prompts significant oversubscription

- Volume of EUR 200 million with maturities of five, seven, and ten years

- Proceeds to be used for general corporate financing, particularly refinancing of existing Group liabilities

Dettingen/Erms (Germany), July 14, 2017 +++ ElringKlinger AG has completed its very first placement of a Schuldscheindarlehen (loan granted to a company against a form of promissory note). The overall Schuldschein volume of EUR 200 million is divided into three different tranches with maturities of five, seven, and ten years and bears interest of 1.23% on average. The funds from the loan will be used for the purpose of general corporate financing, in particular to refinance existing Group liabilities.

'In completing this private placement in the form of a Schuldscheindarlehen, we have utilized an additional financial instrument and diversified Group financing at good terms. The proceeds are to be used for the extinguishment of existing liabilities and will also provide financial room for maneuver when it comes to the strategic development of the Group,' said Thomas Jessulat, CFO of ElringKlinger AG. 'The tremendously positive response by investors illustrates the level of confidence in ElringKlinger's business model,' Jessulat continued.

Strong demand among investors led to significant oversubscription, as a result of which the volume of EUR 100 million originally planned by the company was doubled to EUR 200 million. The promissory notes were taken up by regional banks within Germany's Genossenschaft (cooperative) and Sparkasse (savings bank) sector as well as by private banks in Germany and abroad. The issuance was managed by Landesbank Baden-Württemberg.

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter@elringklinger.com

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. Additional solutions include thermal and acoustic shielding components as well as particulate filters and end-to-end exhaust gas purification systems for engines used in stationary and mobile applications. The Group's portfolio is complemented by products made of the high-performance plastic which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 8,700 people at 49 ElringKlinger Group locations around the globe.