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TRUMPF successfully places a promissory note loan for 250 million euros

Heavily oversubscribed due to strong investor demand // Varying maturities of five, seven and ten years // Proceeds to finance company’s long-term growth

Ditzingen, April 10, 2019 – High-tech company TRUMPF has successfully placed a promissory loan note for 250 million euros. The proceeds will provide long-term financing for the company’s overall development and, in particular, help support its operating growth. The total volume of the loan is spread across various tranches, with maturities of five, seven and ten years. The average interest rate is just below under one percent. The company originally planned to place a loan volume of 150 million euros. However, exceptionally strong demand from investors and a heavily oversubscribed order book prompted TRUMPF to scale up the loan amount.

“The promissory note loan will grant us long-term financial leeway, especially to underpin TRUMPF’s further growth,” said Lars Grünert, CFO and a member of the Group Management team at TRUMPF. “The strong interest from investors is a vote of confidence in TRUMPF’s sound finances, its business model and its strategic orientation. At the same time, the placement allows us to put our finances on a broader footing at very favorable terms and conditions,” Grünert added.

Landesbank Baden-Württemberg and UniCredit assisted with the transaction, which was also marketed in parallel on Debtvision, a digital platform.

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Rainer Berghausen
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