ALSO Holding AG Secures EUR 250 Million Through Promissory Note

ALSO Holding AG has successfully placed a EUR 250 million promissory note in the financial market. Initially targeting EUR 100 million, the offer was heavily oversubscribed, reflecting substantial market demand. This financing involves three tranches with maturities of 3.5, 5, and 7 years, coupled with either fixed or variable interest rates. For its variable-rate tranches, ALSO aims to use interest rate swaps to lock in long-term fixed rates, ensuring stable financing costs.

Executed at the lower end of the price range due to favorable conditions, the transaction saw participation from 26 banks, including international, cantonal, and savings banks. Deutsche Bank and Landesbank Hessen-Thüringen coordinated the placement. CEO Wolfgang Krainz noted this move optimizes the balance sheet and refinances previous bridge financing, aligning with their growth strategy focused on organic growth and acquisitions.