on Sixt Aktiengesellschaft (ETR:SIX2)
Sixt SE Secures EUR 1.55 Billion Syndicated Loan
Sixt SE has expanded its syndicated loan to EUR 1.55 billion, enhancing its growth financing strategy. This increase reflects an additional EUR 600 million compared to the previous loan. The new revolving credit line replaces the previous EUR 950 million facility and will mature in 2030, with options to extend until 2032.
Benefiting from a favorable BBB rating, Sixt negotiated better loan conditions in a challenging market. The credit, drawn in euros and US dollars, bolsters Sixt's liquidity and financial flexibility, supporting its growth trajectory.
The loan syndicate includes Bayerische Landesbank, CaixaBank, Commerzbank, Deutsche Bank, DZ BANK, ING, Helaba, and UniCredit Bank. CFO Dr. Franz Weinberger emphasizes that the loan highlights banks' confidence and strengthens Sixt's financial position long-term.
R. H.
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