Corporate bond / Financing
Corporate bond
Disclaimer
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Convertible bond
Disclaimer
The information contained on the following web pages is not intended for United States, Australian, Canadian or Japanese residents or for persons who are physically located in the United States, Australia, Canada or Japan.
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Financing
Our funding structure is composed of the following instruments:
- Convertible bond of € 150 million with a sustainability component, coupon of 0.75%, (expiring January 2026)
- Syndicated loan of € 750 million with a sustainability component, including € 500 million as a credit facility and € 250 million as a guarantee facility (expiring July 2024, renewable by two years)
- Syndicated loan of € 201.5 million (originally € 350 million) as bridge finance (expiring in May 2021, renewable by one year)
- Three Schuldschein loans of a combined total of € 515 million, partially with a sustainability component (different terms, the last one expiring in 2030)
- Corporate bond of € 300 million (maturing in April 2021)
- Loan of € 100 million (expiring in May 2021)
- Lease liabilities of € 95.6 million (as of September 30, 2020)
- Bilateral credit facilities of € 6.7 million (as of September 30, 2020)
Financial liabilities
| € million | 9M 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Bond and bonded loan | 813.8 | 798.2 | 598.0 | 597.3 | 596.6 | 296.9 | 296.4 | 225.2 |
| Liabilities to banks | 100.2 | 0.4 | 1.0 | 1.9 | 35.5 | 43.2 | 118.4 | 41.9 |
| Leasing liabilities1 | 95.6 | 107.1 | 7.2 | 5.8 | 8.5 | 10.8 | 11.7 | 4.0 |
| Other financial liabilities | 7.1 | 7.3 | 7.8 | 8.3 | 13.9 | 0.0 | 0.0 | 0.0 |
| Accrued interests | 7.5 | 10.1 | 9.3 | 9.4 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total | 1,024.2 | 923.1 | 623.3 | 622.6 | 654.5 | 350.9 | 426.5 | 271.1 |
| of which due within one year | 481.1 | 38.0 | 12.5 | 12.4 | 5.3 | 6.8 | 17.1 | 2.5 |
| 1 From 2019 onwards also including operating leases. |
Maturity Structure of Financial Liabilities in € m
(as of 09/30/2020)
- short-term: pending 1 year
- middle-term: >1 and <= 5 years
- long-term: across 5 years
Credit and guarantee lines
| € million | 09/30/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |
| Combined value | 1,812.3 | 1,474.9 | 1,072.1 | 963.6 | 1,026.5 | 1,034.9 | 1,111.2 | |
| Drawdown (guarantees) | 412.3 | 476.7 | 317.3 | 300.6 | 345.0 | 359.9 | 495.7 |
Ratings
There are no current corporate or bond ratings to assess our credit status. Dürr regularly publishes comprehensive key figures and a detailed outlook, thus ensuring a high level of visibility. The added value created by additional ratings is considered low, also given the costs involved.