Knorr-Bremse AG boosts financial flexibility by launching new Debt Issuance Program

2020. szeptember 21.

  • Volume: 3 billion euros
  • Listed on the Regulated Market of the Luxembourg Stock Exchange

Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, is launching a new EUR 3 billion Debt Issuance Program to boost the company’s financial flexibility. The program is listed on the Regulated Market of the Luxembourg Stock Exchange, with Deutsche Bank running the book.

  • CFO Frank Markus Weber on the Knorr-Bremse bond: “The debt issuance program enables us to add to our existing latitude and rapidly make use of growth opportunities.” | © Knorr-Bremse

With this program, Knorr-Bremse is opening up the opportunity to make flexible use of the bond market as an additional source of financing. In 2016 and 2018, the company successfully issued corporate bonds with a volume of EUR 1,250 million.

Knorr-Bremse AG CFO Frank Markus Weber said: “Through the debt issuance program we are giving ourselves the extra latitude in case we need to respond fast and appropriately to the COVID-19 pandemic.

At the same time, we are proactively boosting the company’s flexibility, so that we can also make use of growth opportunities.”

About the debt issuance program:

Issuer: Knorr-Bremse AG

Issuer ratings: A2/Outlook negative (Moody’s), A/Outlook stable (Standard & Poor’s)

Volume: EUR 3 billion

Listing: Regulated Market of the Luxembourg Stock Exchange

(Bourse de Luxembourg)

Denomination: EUR 1,000

Applicable law: German law

Bookrunners: Deutsche Bank


Bucsai Edina

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