Innovation also in financing: HENSOLDT successfully places promissory note loan
Sensor solutions provider HENSOLDT has placed its first promissory note loan with a total volume of EUR 300 million, sending a strong signal to the capital market. With this instrument, the company is underlining its pioneering spirit and taking advantage of the new financing opportunities resulting from its recent refinancing for the first time. Strong investor demand for the promissory note loan led to significant oversubscription at attractive terms at the lower end of the marketing range. This is a clear sign of confidence in HENSOLDT's strategic direction.
The proceeds from the promissory note loan will be used to repay the bridge financing established in April 2025 as part of the refinancing and will add a long-term component to the existing financing structure.
With the successful placement of the promissory note loan, HENSOLDT is accessing a previously untapped source of financing and diversifying its investor base, primarily through the involvement of savings banks and private banks, particularly from the European economic area. This expands the company's access to debt capital and creates a broader capital base. The flexible structure of the promissory note, with different maturities of three, five and seven years, allows the financing to be optimally tailored to strategic needs. The seven-year tranche has a fixed interest rate, while the other tranches were issued with a combination of fixed and variable interest rates.
The successful placement of the promissory note loan is another building block in HENSOLDT's long-term financial strategy. With a stable and flexible capital structure, the company is laying the foundations for sustainable growth. In an industry characterised by rapid technological progress and increasing digital integration, the expanded financing base provides the necessary security to invest in research and development, expand strategic partnerships and tap into international market potential in a targeted manner.
Oliver Dörre, CEO of HENSOLDT, says: “The high level of investor interest in our issue is a strong signal: the capital market recognises our innovative strength, our strategic vision and our strong positioning as a leading provider of highly developed electronic defence and security solutions. We see the very positive reactions from investors as confirmation of our course and as an incentive to continue to resolutely translate our technological excellence into competitive solutions.”
Christian Ladurner, CFO of HENSOLDT, explains: “This placement adds another important element to our financing architecture. The promissory note loan has enabled us to further diversify our capital base and strengthen our independence. At the same time, we have secured attractive terms. We will continue to pursue a flexible, broadly based and sustainable financing strategy in the future. This will enable us to create an essential foundation for profitable growth and entrepreneurial freedom."
Commerzbank AG, Landesbank Hessen-Thüringen Girozentrale and UniCredit Bank GmbH acted as lead arrangers for the transaction.
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HENSOLDT is a leading company in the European defence industry with a global reach. Based in Taufkirchen near Munich, the company develops sensor solutions for defence and security applications. As a system integrator, HENSOLDT offers platform-independent, networked sensors. At the same time, the company is driving forward the development of defence electronics and optronics as a technology leader and investing in new solutions based on software-defined defence.
In addition, the company is expanding its range of offers to include new service models and is extending its portfolio of system solutions. In 2024, HENSOLDT achieved a turnover of 2.24 billion euros. Following the acquisition of ESG GmbH, the company employs around 9,000 people. HENSOLDT is listed on the Frankfurt Stock Exchange in the MDAX.