Bekaert has successfully issued a Schuldschein loan for a total amount of € 320.5 million, above the initial target of € 250 million. The Schuldschein was issued to partially refinance the bridge loan which the company entered into in October 2018.
The Schuldschein has maturities of 4, 6 and 8 years, with both fixed and variable interest rates. The transaction was conducted with an average interest margin of approximately 1.5% and will enable Bekaert to extend its average debt maturity profile as well as its investor base. All debt instruments of Bekaert are covenant-free.
BNP Paribas and ING acted as Joint Lead Arrangers of the Schuldschein. KBC Bank was Co-Lead Arranger.
Download the term sheet for more information (PDF, 170 kB)