MAHLE increases access to capital market

Stuttgart, May 4, 2015 – Following approval by the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), MAHLE increased the limit of its Debt Issuance Program (DIP) to EUR 2 billion on April 30, 2015.

Presse release [PDF; 29 KB]

This increases access to the capital market, enabling the group to maintain flexibility and independence even after further growth. Starting on May 4, 2015, MAHLE will present the 2014 financial year results and the Debt Issuance Program to investors in Frankfurt, London, Munich, Paris, and Zurich as part of an Investor Update.

The MAHLE Group’s size and steady growth have made it necessary to expand its financing strategy and, alongside diversified financing via banks, to open itself up to the capital market. The resulting investor base increases the group’s flexibility and independence.

The first step took place at the start of 2014 with the drafting of a Debt Issuance Program (DIP)—also known as a Euro Medium Term Note (EMTN). This is a flexible financing framework for the issue of public bonds and private placements in the European market. The program serves the long- and medium-term refinancing of the group. The program, which was originally concluded for EUR 1 billion, was increased to EUR 2 billion on April 30, 2015, following approval by the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). So far, MAHLE has issued a public bond with a volume of EUR 300 million and a private placement of EUR 29 million as part of this program. Additional information regarding the DIP and associated debt can be found under Investor Relations on the MAHLE Group website or on the website of the Luxembourg Stock Exchange.

MAHLE will also hold Investor Update meetings in Frankfurt, London, Munich, Paris, and Zurich during the week commencing May 4, 2015, which will focus on the 2014 annual result and the current development strategy of the MAHLE Group.

Depending on market conditions, further capital market transactions may follow after the Investor Update meetings.

About MAHLE:
As a leading global development partner for the automotive and engine industry, MAHLE offers unique systems competence in the areas of engine systems, filtration, electrics/mechatronics, and thermal management. In the original equipment industry, MAHLE provides technologically innovative solutions for automotive, commercial vehicle, machinery, and other industrial applications. The Aftermarket business unit also serves the independent parts market with MAHLE products in OE quality.

MAHLE has a local presence in all major world markets. In 2014, some 66,000 employees at approximately 150 production locations generated sales of almost EUR 10 billion. At ten major research and development centers in Germany, Great Britain, the USA, Brazil, Japan, China, and India, almost 5,000 development engineers and technicians are working on forward-looking concepts, products, and systems.

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