EQS-News: PALFINGER AG: First Sustainable Financing of EUR 170 million
EQS-News: Palfinger AG / Key word(s): Financing
PALFINGER AG: First Sustainable Financing of EUR 170 million
07.04.2022 / 12:43
The issuer is solely responsible for the content of this announcement.
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PALFINGER AG: First Sustainable Financing of EUR 170 million
Bergheim, April 7, 2022
PALFINGER AG secures financing with sustainability KPIs
– Sustainable financing of EUR 170 million underlines focus on
sustainability
– Term of up to six years with highly attractive conditions
– CO [2] emissions and accident rate as sustainability KPIs
PALFINGER AG took out its first sustainable financing in March 2022 to
secure a volume of EUR 170 million. The conditions are highly attractive
with a term of up to six years with an amortizing structure. The financing
is also subject to two sustainability KPIs: production-related CO[2]
emissions and accident rate. The achievement of sustainability KPIs is
audited annually, with a margin step-up/down if the target values are
reached or are not achieved. Erste Group and Raiffeisen Bank International
(RBI) acted as sustainability coordinators.
Sustainability has been the focus of PALFINGER AG for years. Last year,
PALFINGER AG initiated its corporate strategy 2030, in which the topic of
sustainability plays an important role regarding the company’s further
growth. A Sustainability Council ensures the implementation of PALFINGER’s
ESG (Environmental, Social, and Governance) strategy and the
transformation within the company.
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ABOUT PALFINGER AG
The international mechanical engineering firm of PALFINGER is the world’s
leading producer of innovative crane and lifting solutions. With around
11,700 employees, 34 manufacturing sites and a worldwide network of
dealerships and service centers at over 5,000 locations, PALFINGER takes
on its customers‘ challenges and creates added value. PALFINGER is
consistently continuing on its course as a provider of innovative,
complete solutions that deliver increased efficiency and better
operability, while leveraging the potential of digitization along the
entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and
in 2021 achieved record revenue of EUR 1.84 billion. In 2022, PALFINGER
celebrates its 90th anniversary under the tagline „Celebrating the future
since 1932″.
Further inquiries:
Hannes Roither | Group spokesperson | PALFINGER AG
T +43 662 2281-81100 | [1]h.roither@palfinger.com
Texts and accompanying images are available in the „News“ section of
[2] www.palfinger.ag, [3] www.palfinger.com.
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07.04.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Palfinger AG
Lamprechtshausener Bundesstraße 8
5020 Salzburg
Austria
Phone: +43 (0)662/2281-81101
Fax: +43 (0)662/2281-81070
E-mail: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1322309
End of News EQS News Service
1322309 07.04.2022
References
Visible links
1. h.roither@palfinger.com
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