- Volume increased from 300 million
euros to 650 million
euros
GÖTTINGEN, Germany, Nov. 11,
2022 /PRNewswire/ -- In a challenging market
environment, the life science group Sartorius successfully placed
Schuldschein loans with a volume of 650
million euros. In view of high demand, the targeted minimum
volume of 300 million euros was
significantly exceeded. The transaction comprises maturities of 3,
5, 7, 10, and 13 years. "The success of the placement demonstrates
investors' confidence in Sartorius," said Rainer Lehmann, Chief Financial Officer of
Sartorius.
The transaction was arranged by BNP Paribas and Landesbank
Baden-Württemberg (LBBW). As planned, the funds will be used in
particular to refinance the acquisition of Albumedix, which was
completed at the end of September
2022.
This press release contains forward-looking statements about the
future development of the Sartorius Group. Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that could cause actual results to differ
materially from those expressed or implied by such statements.
Sartorius assumes no liability for updating such statements in
light of new information or future events.
A profile of Sartorius
The Sartorius Group is a leading international partner of life
science research and the biopharmaceutical industry. With
innovative laboratory instruments and consumables, the Group's Lab
Products & Services Division concentrates on serving the needs
of laboratories performing research and quality control at pharma
and biopharma companies and those of academic research institutes.
The Bioprocess Solutions Division with its broad product portfolio
focusing on single-use solutions helps customers to manufacture
biotech medications and vaccines safely and efficiently. The Group
has been annually growing by double digits on average and has been
regularly expanding its portfolio by acquisitions of complementary
technologies. In fiscal 2019, the company earned sales revenue of
some 3.45 billion euros. At the end
of 2021, more than 14,000 people were employed at the Group's
approximately 60 manufacturing and sales sites, serving customers
around the globe.
Follow Sartorius on Twitter @Sartorius_Group and on
LinkedIn.
Contact
Philipp Grontzki
Head of External Communications
+49 (0)551.308.5581
philipp.grontzki@sartorius.com
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SOURCE Sartorius AG
