CLAAS successfully placed a Schuldschein loan of Euro 350 million

Strengthening of the financial profile and extension of maturity profile

• Order book substantially oversubscribed
• Announced issue volume more than doubled
• Additional diversification by attracting new financial investors

Harsewinkel, May 2023. On 30 May 2023, in response to high investor demand, CLAAS once again successfully issued a Schuldschein. The issue proceeds, totalling Euro 350 million, are being used for general corporate purposes.

Henner Böttcher, Chief Financial Officer of CLAAS, commented: “We’re delighted with the transaction, especially in the context of the currently very challenging environment. The high volume of Euro 350 million in combination with the high oversubscription testifies to the deep trust placed in us by investors in our company and significantly reinforces our liquidity basis further.”

Successful positioning on the capital market

The Schuldschein was issued in tranches with terms of 3.25, 5.25 and 7.25 years with both fixed and variable interest rates on offer. Because of the strong demand, even in a challenging capital market environment the Schuldschein reached a total volume well above the initial target volume of Euro 150 million. After transactions in 2015 and 2020, CLAAS has once again managed to position itself successfully in the market for debt certificates.

With this Schuldschein, CLAAS is strengthening its financial profile. The Schuldschein fits well into the existing maturity profile and extends the average term of the financing portfolio. In addition, the company has been able to attract new investors from Europe and Asia, thus also diversifying its sources of finance. CLAAS was supported in this transaction by the arrangers Commerzbank, Deutsche Bank, HSBC and LBBW.

About CLAAS

CLAAS (www.claas-gruppe.com) is a family business founded in 1913 and one of the world’s leading manufacturers of agricultural engineering equipment. The company, with corporate headquarters in Harsewinkel, Westphalia, is the world market leader for forage harvesters. In addition, the company is the European market leader in another core segment, namely combine harvesters. CLAAS is also a top performer in agricultural technology worldwide, with its tractors, agricultural balers and grassland harvesting machinery. The CLAAS product portfolio also includes state-of-the-art farming information technology. CLAAS employs more than 12,100 workers worldwide and reported a turnover of 4.9 billion euros in the 2022 fiscal year.

CLAAS Group, Corporate Communications

Mühlenwinkel 1, 33428 Harsewinkel, Germany

Tel: +49 5247 12-1743, Fax: +49 5247 12-1751

Email: pr@claas.com