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SFS Places Bonds in Connection with the Acquisition of Hoffmann SE
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2022-06-20
On May 18, 2022 the SFS Group successfully placed two fixed-rate bonds. These have maturities of three years (CHF 250 million) and five years (CHF 150 million). The proceeds from this transaction will be used to refinance the Hoffmann acquisition. SFS has been given a good “BBB+” rating by Zürcher Kantonalbank and Credit Suisse.
The capital raised will be used to refinance the purchase price of Hoffmann SE. The closing of the acquisition took place on May 11, 2022. Hoffmann will operate as an independent division called “D&L International” within the Distribution & Logistics segment.
Two fixed-rate bonds with maturities of three and five years for a total of CHF 400 million were issued on the Swiss capital market; an application for these to be listed on the SIX Swiss Exchange has been submitted. Joint lead managers for the issue were Zürcher Kantonalbank (ZKB) and Credit Suisse (CS). Both banks have awarded SFS a good “BBB+” rating, a confirmation of the prudent financing of the past few years. The annual interest coupon on the two bonds is 1.00% and 1.45% respectively.
瑞士
SFS
發行
併購
Hoffmann SE
債券
Bonds
Connection
Acquisition
