Hugo Boss secures 175 million euros through promissory note loan
Cassidy STEPHENS
Hugo Boss
The promissory note loan is made up of four tranches with terms of three and five years, each of which was offered with fixed and variable interest rates. The proceeds from the loan will be used for general corporate financing.
“We are pleased that we have successfully entered the market for promissory note loans and have thus placed our financing mix on a broader basis,” says CFO Yves Müller. “The strong demand confirms the confidence in our company and our growth strategy. We will use the proceeds to finance further investments within the framework of ‘CLAIM 5’ and its strategic pillar ‘Organise for Growth’,” Müller continues.
With the promissory note, Metzinger also wants to strengthen its financial foundation and extend the average term of its financing portfolio. More than 70 institutional investors participated in the promissory note loan. The high demand from investors from Europe and Asia was particularly positive.
The transaction was accompanied by DZ Bank AG and Landesbank Baden-Württemberg.
