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2015/12/01

Körber successfully issues Schuldschein loan worth € 600 million

Hamburg, December 1, 2015. With the issuing of a Schuldschein loan in mid-October, Körber AG has created a strategic reservoir of financing for growth activities. Körber has thus exploited the favorable conditions of the capital market. The conclusive total volume of the transaction of € 600 million on the key date of November 27 was issued with terms of five, eight and ten years.

With the Schuldschein loan, Körber AG is diversifying and bolstering its financial resources for acquisition projects, which should reinforce the Group’s long-term, sustainably-oriented growth strategy. The Group boasts a solid balance sheet and equity capital of 68 percent. It is thus ideally equipped for purchases and further growth activities. “We see the substantial demand and level of acceptance among investors as proof of a high degree of trust in our direction as an internationally leading, broad-based technology group”, explains Stephan Seifert, Chief Financial Officer of Körber AG.

Schuldschein loans are promissory notes issued privately under German law. The issuing of the Schuldschein loan was arranged through Commerzbank and Heleba (Landesbank Hessen-Thüringen).

Press Release December 1, 2015 (pdf)