MAHLE Group’s €750 Million Bonds Offering

Gleiss Lutz has advised MAHLE on the deal.

MAHLE announced the issue of a bond with a total par value of EUR 750 million. The seven-year bond was issued as part of the company’s debt issuance programme and will pay interest at 2.375% p.a. Following MAHLE’s initial rating, which Moody’s published in April, the automotive supplier has been able to increase the group of potential investors and strengthen its position on the international capital market. The bond is scheduled to settle on 14 May 2021 and will be listed on the Luxembourg Stock Exchange (Euro MTF).

Bonds are a key instrument for medium- and long-term financing for MAHLE. The transaction is the largest in the company’s history.

MAHLE is a leading international development partner and supplier to the automotive industry. Based on a broad systems competence consisting of Engine Systems and Components, Filtration, and Thermal Management, the group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology. Thanks to its expertise in electric and electronic components and systems, MAHLE can thus also offer integrated system solutions for e-mobility. The MAHLE Group employs around 72,000 employees at 160 production locations and 12 research and development centres worldwide.

The Gleiss Lutz team included Dr. Kai Birke (Picture- partner, lead), Alexander Gebhardt (counsel), Jannik Hermes (all Banking and Finance/Capital Markets, Frankfurt).

Involved fees earner: Kai Arne Birke – Gleiss Lutz; Alexander Gebhardt – Gleiss Lutz; Jannik Hermes – Gleiss Lutz;

Law Firms: Gleiss Lutz;

Clients: Mahle GmbH ;

Author: Federica Tiefenthaler