Würth Group successfully issues a EUR 500 million bond
Künzelsau / ‘s-Hertogenbosch. The Würth Group, the global market leader in the development, production, and sale of assembly and fastening materials, has successfully issued a EUR 500 million bond with a term of almost 7 years and a fixed coupon of 3 %.
Prior to issuing the bond, the company held a comprehensive roadshow on 14 and 15 October 2024 to inform investors in various European countries about the details of the issue and the company’s strategic plans, which met with great interest.
“The positive response to our roadshow and the high demand for our bond underlines the confidence investors have in our strategy and the company’s financial stability,” said Ralf Schaich, CFO and member of the Central Management Board of the Würth Group. “We took this opportunity to inform our investors about the business model, the current business development, and our further development strategy.”
The bond was issued as part of the company’s capital market-oriented financing strategy by its finance company Würth Finance International B.V. and is secured by an unconditional, irrevocable guarantee of Adolf Würth GmbH & Co. KG. The proceeds from the transaction will be used to refinance the EUR bond maturing in May 2025 at an early stage and to strengthen the Würth Group’s financing and liquidity base for general corporate purposes in the long term. The issue was led by the joint bookrunners BofA Securities, Deutsche Bank, HSBC, and LBBW.
The bond is listed on the Luxembourg Stock Exchange. The rating agency S&P Global Ratings is expected to give the bond an “A, outlook stable” rating, which reflects the Würth Group’s solid credit rating and sustainable business model. Further details on the terms and conditions of the bond and the roadshow presentations are available at wuerthfinance.net.
About the Würth Group
The Würth Group is the global market leader in the development, production, and sale of assembly and fastening materials. Other trading and production companies, known as the Allied Companies, operate in related business areas, ranging from electrical wholesale and electronics to financial services. The Group currently employs more than 88,000 employees in over 400 companies with more than 2,700 shops across 80 countries. The Group achieved sales of EUR 20.4 billion in the 2023 fiscal year. With over 8,000 employees, Adolf Würth GmbH & Co. KG in Künzelsau is the largest single company in the Würth Group.
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This press information neither constitutes an offer for sale nor a solicitation of an offer to purchase securities nor an invitation to otherwise purchase securities. It does furthermore not create the basis for a contract on the purchase or subscription of securities. This press release neither constitutes an offer for sale nor a solicitation of an offer addressed to any person in any jurisdiction where it is unlawful for such an offer or solicitation to be addressed.
Securities may be offered or sold in the United States of America only after prior registration or without prior registration pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 (“Securities Act”), as in effect at any given time. The securities referred to in this press release have not been nor will they be registered under the Securities Act. There has not been nor will there be a public offering of the securities referred to in this press release in the United States of America.
Potential investors are requested to make their investment decisions regarding the securities referred to in this press release solely based on the information provided in the prospectus as approved and published by the Commission de Surveillance du Secteur Financier, Luxemburg (“CSSF”). The prospectus will be published by Würth Finance International B.V. on the website www.wuerthfinance.net