Vossloh AG completes comprehensive restructuring of Group financing

  • Syndicated loan of €150 million concluded with a minimum term of five years
  • Replacement of 2015 syndicated loan under significantly improved conditions
  • Creation of additional flexibility for targeted growth

Vossloh AG has concluded a new syndicated loan in the amount of €150 million. The financing agreement has a term of five years until November 2022 and contains two options to extend the final maturity of one year each. These options can be exercised prior to the first and second anniversary of the agreement. Furthermore, the loan amount can be increased if required by up to further €150 million. The funds are available to the Company in the form of a revolving credit facility that can be flexibly utilized.

Together with this transaction and the issue of a Schuldschein loan in the amount of €250 million in July 2017, Vossloh has now completely replaced the syndicated loan that it concluded in 2015 with a term running until April 2018. “When putting together the new financing agreement, it was important to us that we not only significantly improved the conditions of the agreement, but also that we ensured maximum flexibility for our targeted growth. We have achieved these goals in every respect and I would like to thank our credit partners for their trust in our performance and strategic direction,” said Oliver Schuster, Chief Financial Officer of Vossloh.

The new syndicated loan was made available by a consortium consisting of eight lending banks within the framework of a club deal.

Werdohl, December 13, 2017

Contact information for media:
Dr. Thomas Triska
Phone: +49 (0) 2392 52-608
Email: presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: investor.relations@vossloh.com

Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. In addition, the Group is also active in the locomotive business. The Group activities are organized into the four divisions of Core Components, Customized Modules, Lifecycle Solutions and Transportation. In the 2016 fiscal year, Vossloh achieved sales revenues of about €930 million with slightly more than 4,000 employees