DGAP-News: Salzgitter AG: Salzgitter Klöckner-Werke GmbH places a bonded loan

• High investor demand ensures heavy oversubscription
• Volume of more than EUR 350 million with terms of three, five, seven and ten years
• Proceeds to be used for general corporate financing and for refinancing existing Group debt

Salzgitter Klöckner-Werke GmbH, a wholly-owned subsidiary of Salzgitter AG, has successfully issued a bonded loan today in an overall volume of about EUR 360 million. Given the high demand and the resulting oversubscription, the volume originally targeted amounting to EUR 200 million was considerably exceeded.

The bond, denominated in the two currencies of euro and US dollar, was placed by Lead Arranger Bayerische Landesbank, BNP Paribas, Deutsche Bank AG, DZ Bank AG and Raiffeisenbank International AG.

The volume is divided into fixed and variable tranches in three, five, seven and ten years. The initial average interest across all tranches amounts to around 1.3 % p.a. Disbursement is to be carried out on the value date of May 31, 2019.

Chief Executive Officer Prof. Dr.-Ing. Heinz Jörg Fuhrmann commented as follows: "The placement of the second bonded loan of Salzgitter AG was also a complete success. The exceptionally high response of the investors is clear proof of the trust in the ongoing positive development of our company under the 'Salzgitter AG 2021' strategy. The proceeds will be used, among other things, for financing our growth as well as for refinancing the Group's existing debt."

Contact:
Markus Heidler
Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de