Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, has successfully taken out a Schuldschein loan in the amount of 200 million euros. In a currently challenging market environment, this long-term loan is an important component of the company’s financial strategy and at the same time contributes to investor diversification.
The overall transaction comprises tranches with terms of three, five, seven and ten years, which could be priced at the lower end of the marketing range. The tranches were offered with both fixed and variable interest rates. The Schuldschein loan was arranged by Helaba, LBBW and UniCredit.
SOURCE: Vitesco Technologies