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05 Jun. 2013

Tom Tailor issues first borrower’s note loan of EUR 80 million

Tom Tailor Holding AG has issued its first borrower’s note loan in order to refinance a part of the liabilities arising from the Bonita acquisition. The borrower’s note loan comprises a total volume of EUR 80 million and was primarily placed with institutional investors in Germany and Europe.

“Considering the currently favourable interest rate environment, we have decided for an early refinancing of a part of our short-term credit line from the BONITA acquisition and to issue a borrower’s note loan. We are very pleased with the success of this primary issuance, which was heavily oversubscribed. Thereby our financing has gained a stronger long-term focus and we are well-positioned to continue our course for accelerated growth,” said Dr. Axel Rebien, Chief Financial Officer of Tom Tailor Holding AG.

The borrower`s note loan consist of three tranches with maturities of 2.6, 3.6 and 5 years and is endowed with both fixed and variable interest rates. The outstanding interest rates to be paid reflect the currently favourable interest rate level and lie within the scope of the previous rates paid. The Landesbank Baden-Württemberg and the UniCredit Bank AG managed the emission as joint book runners. HSH Nordbank was the co-arranger.

Melanie Gropler

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