News Detail

Sixt Leasing starts ABS programme

Pullach, 30 June 2016 - Sixt Leasing AG, one of the largest non-bank, vendor-neutral full-service leasing companies in Germany, at the end of June successfully launched the asset backed securities (ABS) programme it had previously announced. The programme is geared to refinance leasing contracts and thereby serves as another central building block to the company's financing mix.

As a first step the ABS programme starts out with Commerzbank AG, which is providing a financing volume of EUR 250 million. The plan is for more banks to be joining the programme over the next months, in order to reach the mid-term target level of EUR 500 million.

In turn, another tranche of EUR 209 million from the Core Loan, which is provided by Sixt SE, has been redeemed at the end of the first half of 2016 in line with plan.

Björn Waldow, CFO of Sixt Leasing AG: "Starting the ABS programme and paying back almost one third of the outstanding inter-company financing, brought us a significant step closer to our goal of building up an independent external financing for the Sixt Leasing AG. The repayment was made at the earliest possible time and thereby allows us to significantly lower our interest rate expenses."

About Sixt Leasing:
Sixt Leasing AG (WKN: A0DPRE / ISIN: DE000A0DPRE6) has its registered offices in Pullach near Munich. For over 50 years already the Company has been one of the leading German mobility service providers. In addition, it is represented in further Western European countries and through strong franchise partners in around 35 countries worldwide. Sixt Leasing offers comprehensive services in its business fields Fleet Leasing, Fleet Management and Online Retail (private and commercial customer leasing).
In its Fleet Leasing business field the Company develops tailored full-service leasing solutions for corporate customers. It optimises their fleets' total cost of ownership over the long term and independent of manufacturer interests. Through its subsidiary Sixt Mobility Consulting GmbH, the Fleet Management business field offers this expertise also to customers who bought or leased their vehicles from a third party. For private and commercial customers Sixt Leasing developed the online platform www.sixt-neuwagen.de. The innovative website provides the means to configure the latest vehicle models from over 30 different car manufacturers and obtain an individual leasing offer. Customers thereby benefit from Sixt Leasing's expertise and economies of scale when buying their vehicle in the form of attractive conditions and additional services.
Since 7 May 2015 the shares of Sixt Leasing AG are traded on the Prime Standard Segment of the Frankfurt Stock Exchange. In 2015 the Group generated revenues of EUR 665 million.
www.sixt-leasing.com

Contact:
Sixt Leasing AG
Corporate Communications
Frank Elsner / Frank Paschen
Tel.: +49 (0)89/ 99 24 96 - 30
Fax: +49 (0)89/ 99 24 96 - 32
Email: [email protected]