HOYER places EUR 85m promissory note

Investors show very great interest in the transaction

Hamburg – 8 October 2015 – The Hamburg logistics company HOYER, together with the Baden-Württemberg Landesbank and the UniCredit Bank AG, has successfully placed a promissory note for a total amount of EUR 85m.

Due to the high demand, the original total issue of EUR 50m was increased to EUR 85m. The issue, which was placed with more than 50 banks and savings banks, was oversubscribed several times. Many international commercial banks were involved in the transaction, in addition to domestic investors, mainly private banks, regional banks and savings banks. The promissory note was issued in tranches with terms of five and seven years. The individual tranches each carry a variable and a fixed interest rate on a pro rata basis. Due to the high demand for the transaction, it was possible to close the order book early. The interest was fixed at the lower end of the marketing range. 

Gerd Peters, Chief Financial Officer of the HOYER Group, says: “HOYER will use the financial resources from this very successful transaction to finance loans amounting to EUR 47.5m due in 2015. The remaining balance of the promissory note is available to the company to finance the ambitious investment program in 2015 and 2016. The promissory note, which was provided by a wide, stable group of investors, strengthens our long-term external financing at very attractive financing conditions.”

About the HOYER Group:
HOYER is an independent family enterprise dating back to 1946 which has become one of the world’s leading bulk logistics providers, offering comprehensive transport services and complex logistics solutions to the chemical, food, gas and petroleum industries. More than 5,100 employees in over 115 countries across the globe help its customers to become even more successful in their respective markets, with the aid of bespoke and sophisticated logistics solutions. HOYER operates 34,000 tank containers, 2,500 trucks, 3,000 road tankers, 24,000 IBCs, and numerous logistics facilities, transport depots, tank cleaning stations and specialist tank workshops.


Press contact:
HOYER GmbH Internationale Fachspedition
Ewelina Jankowski
Wendenstraße 414–424
20537 Hamburg
Germany
Phone: +49 40 21044 - 359 – Fax: +49 40 21044 - 455
www.hoyer-group.compresse@hoyer-group.com

Photos available from:
http://www.hoyer-group.com/en/media/picture-gallery/photos-for-press-releases/

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