EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision
wienerberger secures attractive long-term financing until 2033
09.04.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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wienerberger secures attractive long-term financing until 2033
• New € 600 million credit facility serves to finance the newly acquired
Terreal roofing business and to refinance maturing bond
Vienna, April 9, 2024 – Following the closing of the Terreal acquisition,
the largest in the company’s 200-year history, wienerberger has
successfully arranged a long-term loan facility in the amount of € 600
million. The new loan provides the necessary liquidity to fully refinance
a bridge loan drawn at closing of the Terreal transaction as well as the
upcoming€ 250 million bond 2018-24 maturity in May 2024.
“Long-term financing is an essential component of wienerberger’s financing
portfolio. It secures a high level of liquidity on attractive conditions
and enables us to further pursue our sustainable, value-creating growth in
renovation, new build and infrastructure for water and energy management”,
explains Heimo Scheuch, CEO of wienerberger.
The new loan facility has a term of nine years, was arranged as a club
deal with five of wienerberger’s long-standing partner banks and
refinanced by Oesterreichische Kontrollbank AG.
Thanks to the professional and constructive cooperation among all
stakeholders, the existing bridge financing was replaced by this long-term
financing facility just a few weeks after the successful closing of the
Terreal acquisition. Against the background of strongly declining interest
rate expectations the new loan’s interest rate is still fully variable, a
supplementary interest rate hedge will be added depending on the further
market development. The new loan facility provides for flexible repayments
until 2033 and thus optimizes wienerberger’s maturity profile.
wienerberger
wienerberger is a leading international provider of innovative, ecological
solutions for the entire building envelope, in the fields of new buildings
and renovations, as well as infrastructure in water and energy management.
With more than 20,000 employees worldwide, wienerberger’s solutions enable
energy-efficient, healthy, climate-friendly, and affordable living.
wienerberger is the world’s largest producer of bricks and the market
leader in clay roof tiles in Europe as well as concrete pavers in Eastern
Europe. In pipe systems (ceramic and plastic pipes), the company is one of
the leading suppliers in Europe. By acquiring Meridian Brick, wienerberger
further strengthened its position as a leading supplier of facade products
in North America. With its more than 200 production sites, wienerberger
generated revenues of approx. € 4.2 billion and an operating EBITDA of €
811 million in 2023.
For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com
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09.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: English Company: Wienerberger AG Wienerbergerplatz 1 1100 Vienna Austria Phone: +43 1 60 192-0 Fax: +43 1 60 192-10159 Email: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1875761
End of News EQS News Service
1875761 09.04.2024 CET/CEST