Order book significantly oversubscribed
Stuttgart, 27 June 2025. Porsche Automobil Holding SE (Porsche SE) has successfully placed a Schuldschein loan with a total volume of EUR 1.5 billion.
The Schuldschein loan comprises tranches with maturities of three, five, and seven years, offered with both fixed and floating interest rates. Porsche SE recorded very strong demand and a stable investor base during the placement process. Despite the current challenging geopolitical and economic environment, the target volume was significantly exceeded – more than doubling the initial marketing volume. In particular, longer-dated tranches with maturities of five years or more saw exceptionally high demand, accounting for EUR 1.3 billion. The interest rates for the Schuldschein were set at the lower end of the marketing range.
“With the successful placement of the Schuldschein loan, we are strengthening Porsche SE’s financial flexibility and resilience over the long term. We are proud of the strong vote of confidence shown by investors,” said Dr. Johannes Lattwein, member of the board of management responsible for Finance and IT. “The proceeds will be used in full to refinance existing financial liabilities. In addition, we will in part apply our available liquidity to the reduction of gross debt, continuing our disciplined deleveraging strategy.”
The Schuldschein loan will be used to fully repay the bank loans originally taken out in 2022 for the acquisition of ordinary shares in Porsche AG. Additionally, tranches of a Schuldschein loan issued in 2023 will be refinanced early on more favorable terms and with extended maturities. As a result, Porsche SE’s overall maturity profile will be significantly extended and further optimized. The transaction was arranged by BNP Paribas, Deutsche Bank, LBBW as well as UniCredit.
