13/06/2022

13 June 2022
13 June 2022, Comments Comments Off on Knaus Tabbert boosts financial reserves with a EUR 100 million promissory note loan
Knaus Tabbert boosts financial reserves with a EUR 100 million promissory note loan

KNAUS TABBERT AG has strengthened its strategic financial reserves through the successful placement of a EUR 100 million promissory note loan. Based on the marketed volume of EUR 75 million, the transaction was almost two times oversubscribed.

“As further part of our long‐term financing strategy, we have now successfully completed an important and well‐prepared transaction with the issuance of this promissory note loan. Against the background of our good economic situation, the loan increases the scope for action to generate further growth and to further expand our market position as a leading manufacturer of leisure vehicles in Europe,‟ said Wolfgang Speck, CEO of Knaus Tabbert. „We are pleased about the great interest in this transaction. The high demand is a vote of confidence in the company by the promissory note investors. The promissory note strengthens our already solid liquidity position and expands the current mix of financing instruments,‟ adds CFO Marc Hundsdorf.

The placed volume is allocated to maturities between 3, 5, 7 and 10 years. 67 % of the transaction was issued in fixed‐interest tranches. The new promissory note loan is another building block of the company’s solid and sustainable financing policy.

The transaction was accompanied by the arrangers Commerzbank AG, finpair GmbH and Raiffeisen Bank International AG.

Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with headquarters in Jandelsbrunn, Lower Bavaria. It also has locations in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary.

The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, Tabbert, [email protected], Weinsberg, Morelo and its caravanning rental service Rent and Travel, the company generated revenues of nearly 850 million euros and produced more than 25,000 recreational vehicles with a workforce of approximately 3,500.