Press release
MTU Aero Engines AG places a €300 million promissory note
Munich, April 24, 2024 – MTU Aero Engines AG has successfully placed a €300 million promissory note (Schuldschein). “We are delighted by the strong interest shown by investors. The offer was two-and-a-half times oversubscribed,” reports CFO Peter Kameritsch. In view of the high demand, the original issue volume was increased from €200 million to €300 million. The promissory note is divided into two tranches: €161 million with a tenor of three years and €139 million with a tenor of five years.
Kameritsch: “The funds will be used for general corporate financing.” Most of the approximately 50 investors are savings banks and national and international banks. The funding was arranged by Bayerische Landesbank and Landesbank Baden-Württemberg.
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About MTU Aero Engines
MTU Aero Engines is Germany’s leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 3 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military area, MTU Aero Engines is Germany’s industrial lead company for practically all engines operated by the country’s military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2023, the company had a workforce of over 12,000 employees and posted consolidated sales of nearly 6.3 billion euros.