Sartorius places 100 million euro note loan
Goettingen, November 21, 2012 – Sartorius, a leading international laboratory and pharma-ceutical equipment provider, successfully placed a note loan (Schuldscheindarlehen).
Arranged by Landesbank Baden-Württemberg and Deutsche Bank AG, the note loan with maturity terms of five to ten years was subscribed primarily by investors in the sector of savings banks and credit unions and by institutional investors. In view of the high demand by debt investors, the issue of the note loan was increased from 75 million euros to 100 million euros. The proceeds from this issue will be used for general corporate financing purposes and represent a further component for diversification of the Group’s funding structure.
“By issuing a note loan for the first time, we are broadening the Sartorius Group financing while securing attractive long-term conditions for our company,” said Jörg Pfirrmann, CFO and member of the Executive Board of Sartorius AG.