EQS-News: wienerberger secures attractive long-term financing until 2033

EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision
   wienerberger secures attractive long-term financing until 2033

   09.04.2024 / 08:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   wienerberger secures attractive long-term financing until 2033

     • New € 600 million credit facility serves to finance the newly acquired
       Terreal roofing business and to refinance maturing bond

    

   Vienna, April 9, 2024 – Following the closing of the Terreal acquisition,
   the largest in the company's 200-year history, wienerberger has
   successfully arranged a long-term loan facility in the amount of € 600
   million. The new loan provides the necessary liquidity to fully refinance
   a bridge loan drawn at closing of the Terreal transaction as well as the
   upcoming€ 250 million bond 2018-24 maturity in May 2024.

   "Long-term financing is an essential component of wienerberger’s financing
   portfolio. It secures a high level of liquidity on attractive conditions
   and enables us to further pursue our sustainable, value-creating growth in
   renovation, new build and infrastructure for water and energy management",
   explains Heimo Scheuch, CEO of wienerberger.

   The new loan facility has a term of nine years, was arranged as a club
   deal with five of wienerberger’s long-standing partner banks and
   refinanced by Oesterreichische Kontrollbank AG.

   Thanks to the professional and constructive cooperation among all
   stakeholders, the existing bridge financing was replaced by this long-term
   financing facility just a few weeks after the successful closing of the
   Terreal acquisition. Against the background of strongly declining interest
   rate expectations the new loan’s interest rate is still fully variable, a
   supplementary interest rate hedge will be added depending on the further
   market development. The new loan facility provides for flexible repayments
   until 2033 and thus optimizes wienerberger's maturity profile.

   wienerberger
   wienerberger is a leading international provider of innovative, ecological
   solutions for the entire building envelope, in the fields of new buildings
   and renovations, as well as infrastructure in water and energy management.
   With more than 20,000 employees worldwide, wienerberger's solutions enable
   energy-efficient, healthy, climate-friendly, and affordable living.
   wienerberger is the world’s largest producer of bricks and the market
   leader in clay roof tiles in Europe as well as concrete pavers in Eastern
   Europe. In pipe systems (ceramic and plastic pipes), the company is one of
   the leading suppliers in Europe. By acquiring Meridian Brick, wienerberger
   further strengthened its position as a leading supplier of facade products
   in North America. With its more than 200 production sites, wienerberger
   generated revenues of approx. € 4.2 billion and an operating EBITDA of €
   811 million in 2023. 

   For further information, please contact:
   Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
   t +43 664 828 31 83 | [email protected]

   Investor Relations Wienerberger AG
   t +43 1 601 92 - 10221 | [email protected]

    

    

    

    

    

    

    

    

    

    

    

    

    

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   09.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Wienerberger AG
                Wienerbergerplatz 1
                1100 Wien
                Austria
   Phone:       +43 1 60 192-0
   Fax:         +43 1 60 192-10159
   E-mail:      [email protected]
   Internet:    www.wienerberger.com
   ISIN:        AT0000831706
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1875761


    
   End of News EQS News Service


   1875761  09.04.2024 CET/CEST

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