LUXEMBOURG - German mobility service provider Sixt SE is set to issue EUR 500 million in fixed-rate senior notes, due January 22, 2030, according to a pre-stabilization notice released today. The notes, which are part of the company's Debt Issuance Programme established on June 5, 2024, and supplemented on January 13, 2025, will be listed on the Luxembourg Stock Exchange with denominations of 1,000 euros.
Commerzbank AG (OTC:CRZBY), acting as the Stabilization Coordinator, has announced that stabilizing managers, including BNP Paribas (OTC:BNPQY), Deutsche Bank AG (NYSE:DB), DZ Bank AG, and UniCredit, may engage in transactions to support the market price of these securities from today until no later than 30 days post-issue. These activities are intended to stabilize or maintain the market price of the notes at a level higher than that which might otherwise prevail in the market.
The stabilization process, if initiated, is subject to the rules of Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014). The stabilizing managers also reserve the right to over-allot securities within the limits of applicable law.
This strategic financial move by Sixt SE aims to secure long-term funding and reflects the company's proactive management of its capital structure. The issuance and subsequent potential stabilization activities underline the company's efforts to ensure a successful placement of the notes in the market.
The notice clarified that the announcement is solely for informational purposes and should not be considered an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. It is also stated that this announcement is not for distribution in the United States or any other jurisdiction where such distribution would be unlawful.
Investors are advised that the information is based on a press release statement and should consider the inherent risks of the market and regulations before making investment decisions related to the securities.
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