Corporate bond / Financing
Corporate bond
Disclaimer
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Convertible bond
Disclaimer
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Financing
Our funding structure comprises the following elements:
- Corporate bond issued by Dürr AG for € 300 m (maturity: April 3, 2021)
- Three bonded loans issued by Dürr AG for € 515 m in total (various maturities until 2030)
- Syndicated loan held by Dürr AG (incl. guarantees) for € 750 m (maturity: August 7, 2024), thereof € 500 m credit facility
- Syndicated loan of Dürr AG of € 350 million (expiring May 8, 2021), thereof € 350 million as credit facility
- Loan in the volume of € 100 million (expiring May 19, 2021)
- Liabilities for leases in the amount of € 99.1 m (June 30, 2020)
- Bilateral credit facilities in the amount of € 3.5 m (June 30, 2020)
Financial liabilities
| € million | H1 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Bond and bonded loan | 813.6 | 798.2 | 598.0 | 597.3 | 596.6 | 296.9 | 296.4 | 225.2 |
| Liabilities to banks | 100.0 | 0.4 | 1.0 | 1.9 | 35.5 | 43.2 | 118.4 | 41.9 |
| Leasing liabilities1 | 99.1 | 107.1 | 7.2 | 5.8 | 8.5 | 10.8 | 11.7 | 4.0 |
| Other financial liabilities | 7.2 | 7.3 | 7.8 | 8.3 | 13.9 | 0.0 | 0.0 | 0.0 |
| Accrued interests | 4.8 | 10.3 | 9.3 | 9.4 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total | 1,024.7 | 923.1 | 623.3 | 622.6 | 654.5 | 350.9 | 426.5 | 271.1 |
| of which due within one year | 479.4 | 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 06/30/2020)
- short-term: pending 1 year
- middle-term: >1 and <= 5 years
- long-term: across 5 years
Credit and guarantee lines
| € million | 06/30/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |
| Combined value | 1,812.2 | 1,474.9 | 1,072.1 | 963.6 | 1,026.5 | 1,034.9 | 1,111.2 | |
| Drawdown (guarantees) | 415.8 | 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.