13/05/20

Würth Group successfully places largest bond in its history worth EUR 750 million

• Bond issue is an important part of the capital market-oriented financing strategy

• Bond significantly oversubscribed and with record-low coupon of 0.75%

• Sign of trust in the stability of the Würth Group even in troubled times

Künzelsau / ‘s-Hertogenbosch. The Würth Group took advantage of the favorable conditions in the capital markets to acquire long-term funds and very successfully issued a EUR 750 million euro bond in the market on 11 May 2020 through its finance company Würth Finance International B.V.

The bond with a term of seven and a half years carries an interest coupon of 0.75 percent p.a. and is secured through unconditional and irrevocable guarantees of Adolf Würth GmbH & Co. KG (Standard & Poor’s Rating A, outlook stable).

The bond was issued in cooperation with the joint lead managers BNP Paribas, DZ Bank, HSBC and Landesbank Baden-Württemberg. After its announcement and the positive market response—the bond was three times oversubscribed—the transaction could be concluded within just a few hours. Investors may look forward to a yield to maturity of 0.782 percent p.a.

The proceeds of the issue strengthen the Würth Group's long-term funding and liquidity basis for further growth of the Group. The average term of the outstanding financial liabilities of the Würth Group has been extended considerably.

About the Würth Group

The Würth Group is the global market leader in its core business—the sale of fastening and assembly materials. It currently consists of more than 400 companies in over 80 countries with about 78,500 employees on its payroll. Approximately 34,000 of them are salaried sales representatives.

In the Group's core business, the Würth Line, the sales program for the skilled trades and industry comprises more than 125,000 products: from screws, screw accessories and anchors to tools, technical chemicals and personal protective equipment. The Allied Companies of the Würth Group, which operate in business areas related to its core business, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards, tools, and financial services. They account for more than 40 percent of the Würth Group’s sales volume.

Legal disclaimer:

This press information neither constitutes an offer for sale nor a solicitation of an offer to purchase securities nor an invitation to otherwise purchase securities. It does furthermore not create the basis for a contract on the purchase or subscription of securities. This press release neither constitutes an offer for sale nor a solicitation of an offer addressed to any person in any jurisdiction where it is unlawful for such an offer or solicitation to be addressed.

Securities may be offered or sold in the United States of America only after prior registration or without prior registration pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 (“Securities Act”), as in effect at any given time. The securities referred to in this press release have not been nor will they be registered under the Securities Act. There has not been nor will there be a public offering of the securities referred to in this press release in the United States of America.

Potential investors are requested to make their investment decisions regarding the securities referred to in this press release solely based on the information provided in the prospectus as approved and published by the Commission de Surveillance du Secteur Financier, Luxemburg (“CSSF”). The prospectus will be published by Würth Finance International B.V. on the website www.wuerthfinance.net.