Sixt SE has replaced its previous syndicated loan of EUR 950 million with a new revolving credit line of EUR 1.55 billion ahead of schedule. Not least thanks to the rating of Sixt SE (BBB), the company was able to negotiate significantly more favorable conditions. The new syndicated loan has a term of five years and can be extended twice by one year each time ?
up to a maximum of 2032. The credit line can be drawn down in various currencies, in particular euros and US dollars. It primarily serves to strengthen the already comfortable liquidity position of Sixt SE and is available to the company as an additional financing reserve.
Sixt SE is thus once again expanding its financial scope and strengthening its financial flexibility to implement its growth course. The banking consortium consists of Bayerische Landesbank, CaixaBank, Commerzbank, Deutsche Bank, DZ BANK, ING, Helaba and UniCredit Bank. The syndication was arranged by Sixt SE itself.
