SAF-HOLLAND Raises EUR 330 Million Through Promissory Note Loan

SAF-HOLLAND SE has successfully closed a promissory note transaction, raising EUR 330 million, significantly above the initial target of EUR 150 million, due to strong investor interest. Conducted via SAF-HOLLAND GmbH, the transaction attracted both domestic and foreign investors.

Interest rates on the notes are set at the lower end of the marketing range for tranches with terms spanning three to seven years. Payments are scheduled for July 2025 and June 2026. The funds will refinance 2025 and 2026 maturities and reduce usage of a credit facility.

Frank-Lorenz Dietz, Chief Financial Officer, highlighted the improved financial flexibility and investor confidence, aided by SAF-HOLLAND's robust business model and credit rating. The company plans to leverage strong cash flow to decrease net financial debt. IKB Deutsche Industriebank AG was the lead arranger for this transaction.