S&T AG: Placement of a bonded loan amounting to EUR 160 million to finance long-term growth

Linz, 26.04.2019. S&T AG (www.snt.at) successfully placed a bonded loan (Schuldscheindarlehen) amounting to EUR 160 million. Originally foreseen was a volume of issuance of EUR 100 million. Strong demand by investors caused this to be increased by EUR 60 million. The placement of the loan enables S&T to exploit the low interest rates currently prevailing. The proceeds will be used to pursue the dynamic organic growth planned for the company, and to make the acquisitions foreseen in the company's “Agenda 2023” five-year plan.

The transaction was arranged by Commerzbank Aktiengesellschaft and Raiffeisen Bank International AG and was very successfully carried out with them. The bonded loan is comprised of tranches, each with terms of five and seven years respectively.

In the words of MMag. Richard Neuwirth, S&T's Chief Financial Officer and Deputy Chairman: “The initial placement of a bonded loan further strengthens our financial situation, and does so at very advantageous conditions. It provides us with a solid foundation for future investments and acquisitions. S&T disposes of liquidity coming to more than EUR 300 million, and is thus optimally capable of implementing its plans to achieve further growth. These plans are comprised in our “Agenda 2023”, which foresees revenues doubling to EUR 2 billion by 2023 - and which envisions profits growing at even greater rates.“