Siltronic AG successfully places ESG-linked promissory note loan of 300 million euros

  • Issue volume of 300 million euros

  • High oversubscription despite challenging capital market environment

  • Pricing at the lower end of the marketing range

  • Proceeds from the issue will be used for general corporate financing and for strategic expansion projects

  • ESG link emphasizes sustainable corporate strategy
     

Siltronic has successfully issued its first ESG-linked promissory loan. The Group was able to secure €300 million at favorable terms in a challenging capital market environment. The proceeds will be used for general corporate financing and for strategic growth investments. The interest rate on the promissory loan is linked to a sustainability KPI for Siltronic. This strengthens the company's growth strategy on the basis of sustainable and responsible action.

"Siltronic is committed to technological progress and economic growth in harmony with environmentally and socially responsible action. With the ESG-linked promissory note loan, we emphasize this sustainability aspect also in financing our investments," said Rainer Irle, CFO of Siltronic AG. "The successful placement at attractive conditions reflects the confidence investors have in our business and confirms us on our sustainability course."

In a challenging capital market environment, Siltronic secured very favorable pricing conditions, all at the lower end of the marketing range. The highly oversubscribed order book allowed an issue volume of € 300 million. A total of almost 60 investors participated in the promissory note loan that is linked to a sustainability component.

The transaction will take place in six tranches with terms of five, seven and ten years, each with fixed and variable interest rates. The interest rate depends on the Sustainalytics Management Score of Siltronic AG.

The emission was arranged by Landesbank Baden-Württemberg and UniCredit Bank AG.

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