NOVOMATIC AG successfully places EUR 275 million promissory note loans
Company -
Gumpoldskirchen, 13 October 2015. NOVOMATIC AG has successfully placed a promissory note in the amount of EUR 275 million. The issue consists of tranches with five and ten-year maturity.
NOVOMATIC AG has successfully placed a promissory note in the amount of EUR 275 million. The issue consists of tranches with five and ten-year maturity. They were placed not only in Austria and Germany but, amongst others, in Luxembourg and Spain as well. The proceeds will be used for ongoing corporate financing.
"The issuing of the promissory note was an important step towards international diversification and expansion of our financing portfolio. In this way, we use the persistently attractive interest rates, especially for the long-term maturities. The interest rates of the issued promissory notes are advantageous from a corporate point of view and reflect our solid balance sheet structure and the strong cash flow of NOVOMATIC", Peter Stein, NOVOMATIC's Chief Financial Officer, explained.
By the end of the first half of 2015, NOVOMATIC AG had a balance-sheet total of EUR 2,621.9 million at an equity ratio of 43.3%.
