RHI, a world market leader for refractory products, successfully closed the order book for a € 170 million Schuldscheindarlehen on September 24, 2014.
Due to strong demand, the originally planned volume of € 75 million was increased to € 170 million. The Schuldscheindarlehen with terms of five, seven and ten years was primarily placed with Austrian and German investors. Preference was given to the longer terms in the allocation.
RHI will use the proceeds from the transaction to refinance upcoming repayments and to secure liquidity in the long term.
Landesbank Hessen-Thüringen, Frankfurt, and UniCredit Bank Austria AG, Vienna, supported the transaction as arrangers.