Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

(IN BRIEF) The Würth Group has successfully issued a EUR 500 million bond with a nearly 7-year term and a 3% fixed interest rate. The bond issuance follows a well-received European roadshow, where Würth presented its strategic plans and financial outlook, generating high investor demand. Proceeds from the bond will be used to refinance a bond maturing in May 2025 and strengthen the company’s long-term liquidity. The bond, issued by Würth Finance International B.V. and guaranteed by Adolf Würth GmbH & Co. KG, is listed on the Luxembourg Stock Exchange, with an expected “A, outlook stable” rating from S&P Global Ratings.

(PRESS RELEASE) KÙNZELSAU/’S-HERTOGENBOSCH, 22-Oct-2024 — /EuropaWire/ — The Würth Group, a global leader in the production and sale of assembly and fastening materials, has successfully issued a EUR 500 million bond with a nearly 7-year term and a fixed coupon rate of 3%. This bond issuance is part of Würth’s ongoing capital market financing strategy, aimed at bolstering its liquidity and financial strength for long-term corporate purposes. The funds raised will also be used to refinance a maturing EUR bond due in May 2025.

Ahead of the bond issuance, the company conducted a comprehensive roadshow across Europe on 14 and 15 October 2024, engaging with investors and sharing its business development strategy. The roadshow received a positive response, with strong demand for the bond reflecting investor confidence in Würth’s financial stability and strategic direction.

Ralf Schaich, CFO and member of the Central Management Board, commented, “The strong investor interest demonstrates trust in our business model and financial health, reinforcing our position in the market.” Würth Finance International B.V., the company’s finance arm, managed the bond issuance, which is backed by an unconditional and irrevocable guarantee from Adolf Würth GmbH & Co. KG. The issue was jointly led by BofA Securities, Deutsche Bank, HSBC, and LBBW, and the bond is now listed on the Luxembourg Stock Exchange.

S&P Global Ratings is expected to assign the bond an “A, outlook stable” rating, reflecting the Würth Group’s solid credit standing and sustainable business practices. Further information about the bond and related presentations can be found on 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.

Legal Disclaimer
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

Media Contact:

Phone: +49 7940 15-1186
email: presse@wuerth.com

SOURCE: Würth GmbH