RHI Magnesita N.V. Debt financing update (0415W)
13 Abril 2023 - 1:00AM
UK Regulatory
TIDMRHIM
RNS Number : 0415W
RHI Magnesita N.V.
13 April 2023
13 April 2023
RHI Magnesita N.V.
("RHI Magnesita" or "the Group")
Debt financing update
RHI Magnesita today announces EUR320 million of new ESG-linked
debt financing, comprising a EUR170 million Schuldschein bond and
the refinancing of its EUR150 million Term Loan with UniCredit Bank
Austria AG ("UniCredit").
The ESG linked Schuldschein issuance was increased in size due
to strong demand and has maturities ranging from 3 to 7 years, with
an average tenor of 5 years. 60% of tranches were issued at
floating interest rates and 40% fixed. The lead arrangers of the
Schuldschein were Landesbank Hessen Thüringen Girozentrale and
Erste Group Bank AG.
The Group also refinanced its existing Term Loan with UniCredit,
increasing the total loan amount from EUR115 million to EUR150
million and extending the maturity date to 2026. The refinanced
Term Loan is also now ESG linked.
Ian Botha, Chief Financial Officer of RHI Magnesita, said: "The
Schuldschein and Term Loan financing totaling EUR320 million of
long-term liquidity extends our amortization profile and has been
secured at competitive rates of interest. These facilities will
contribute to maintaining high levels of liquidity and reaffirm our
commitment to improving our ESG performance."
For further enquiries, please contact:
Chris Bucknall, Head of Investor Relations
Tel +43 699 1870 6490
E--mail: chris.bucknall@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the leading global supplier of high-grade
refractory products, systems and solutions which are critical for
high-temperature processes exceeding 1,200degC in a wide range of
industries, including steel, cement, non-ferrous metals and glass.
With a vertically integrated value chain, from raw materials to
refractory products and full performance-based solutions, RHI
Magnesita serves customers around the world, with around 13,500
employees in 33 main production sites and more than 70 sales
offices. RHI Magnesita intends to leverage its leadership in terms
of revenue, scale, product portfolio and diversified geographic
presence to target strategically those countries and regions
benefitting from more dynamic economic growth prospects.
The Group maintains a premium listing on the Official list of
the London Stock Exchange (symbol: RHIM) and is a constituent of
the FTSE 250 index, with a secondary listing on the prime segment
of the Vienna Stock Exchange (Wiener Börse). For more information
please visit: www.rhimagnesita.com
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END
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