We use cookies and similar technologies on this website ("Cookies"). In order to allow their use to analyze website usage and to enhance functionality, please click on “Accept”. To change the settings and select which specific Cookies we are allowed to use, or to obtain more detailed information, please click on “Details”.

Details

Deny

Accept

Below, you can activate/deactivate the individual technologies that are used on this website.
Consent to all
Required

These Cookies make a website usable by providing basic functions such as page navigation, language settings, and access to protected areas. As the website is unable to function properly without them, you cannot opt out of this kind of Cookies.

Functionality

These Cookies help us to improve the functionality and attractiveness of our websites, and your user experience by saving, for example, your settings, and selections as well as filters, and to recognize your device on subsequent visits.

Analysis

These Cookies allow us, and the service providers (e.g. Google via the Google Analytics service) to collect and analyze information and statistics about your interaction with our website. This helps to optimize our website using the findings obtained.

Convertible bond / Financing

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.

The securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. We do not intend to register the offering in the United States or conduct a public offering in the United States.

The information contained on the following web pages may not be distributed in or inside the United States, Australia, Canada or Japan.

The above legend is required by the securities laws of the United States, Australia, Canada and Japan. Please confirm that you have read it and accept its terms.

I have read the above legend and accept its terms.

 

Agree                        Don't agree

Financing

As of September 30, 2021, our funding structure was composed of the following elements:

  • Convertible bond of € 150 million with a sustainability component, coupon of 0.75%, initial conversion price of € 34.22 (40% premium) (maturing in 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 2026)
  • Four Schuldschein loans of a combined total of € 665 million, most of them with a sustainability component (different terms, the last one expiring in 2031)
  • Lease liabilities of € 101.5 million (as of September 30, 2021)
  • Bilateral cash credit facilities of € 33.0 million (as of September 30, 2021)

Financial liabilities

€ million 2020 2019 2018 2017  2016 2015 2014 2013
Bonds and bonded loan 951.9 798.2 598.0 597.3 596.6 296.9 296.4 225.2
Liabilities to banks 0.0 0.4 1.0 1.9 35.5 43.2 118.4 41.9
Leasing liabilities1 98.4 107.1 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 10.6 10.1 9.3 9.4 0.0 0.0 0.0 0.0
Total 1,068.0 923.1 623.3 622.6 654.5 350.9 426.5 271.1
of which due within one year 394.2 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 September 30, 2021)

Credit facilities unutilized: €500 m maturing in 2024
Other financial liabilities (incl. real estate linked financing Teamtechnik) not included

Overview in € billion

(As of September 30, 2021)

Without leasing liabilities or accrued interest

Credit and guarantee lines

€ million 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Combined value 1,601.2 1,474.9 1,072.1 963.6 1,026.5 1,034.9 1,111.2
Drawdown (guarantees) 473.1 476.7 317.3 300.6 345.0 359.9 495.7

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.