Jenoptik creates financial scope for acquisitions
Promissory note loan with sustainability components placed
The promissory note loan comprises several tranches with maturities of five, seven and ten years, which were issued not only in euros but also to a lesser extent in US dollars, and for the most part with an initial value date of September 30, 2021, six months in the future. Fixed and variable interest rate variants were also on offer.
"Following the completion of these capital measures, we will again have a very solid, long-term and broad-based funding base. The increase in debt is within a very reasonable range and our balance sheet remains healthy, as evidenced by the equity ratio of around 50 percent," said Chief Financial Officer (CFO) Hans-Dieter Schumacher, summarizing the new Group financing.
More than 250 institutional investors such as savings banks, cooperative banks and international credit institutions have subscribed to the promissory note loan.
Promissory bill with sustainability component
"We are observing that more and more investors want to invest their money sustainably. To this end, we have opened up an attractive opportunity for investors with this promissory bill," says the CFO. Three ESG indicators are therefore built into the promissory note loan, which address the topics of environment, social affairs and corporate governance. Jenoptik has set itself specific, verifiable targets for sustainability in the supply chain, the group-wide proportion of green electricity, and the diversity of its management team. If all three targets are achieved, Jenoptik receives a small interest advantage. Conversely, a malus must be accepted if less than two of the three targets are achieved.