EQS-News: Vossloh places €600 million promissory note loans

Vossloh places €600 million promissory note loans

• Refinancing of purchase price for acquisition of Sateba completed
• High demand from institutional investors – transaction significantly oversubscribed
• Attractive terms at the lower end of the marketing range

Werdohl, December 1, 2025. Vossloh AG has successfully placed promissory note loans with a total volume of €600 million. The funds will mainly be used to refinance the purchase price for the acquisition of European concrete sleeper manufacturer Sateba. The original plan was to use the funds exclusively to repay the bridge financing incurred as part of the Sateba acquisition. Due to high demand and attractive terms, the placement volume was significantly expanded so that, in addition to the bridge financing, the long-term loan originally used and other financial obligations due in the near future can be refinanced in full through promissory note loans. The margins for all tranches were fixed at the lower end of the marketing range.

The promissory note loans were disbursed on November 28 to replace the bridge financing and a large portion of the long-term loan. A second disbursement is scheduled for February 2026. The new promissory note loans were issued with terms of three, five, and seven years and both fixed and variable interest rates.

“Vossloh is a highly attractive investment for investors thanks to its sustainable business model and long-term prospects. This is also reflected in the extremely high demand for the promissory note transaction. Despite the increase in volume, the placement was significantly oversubscribed. A clear vote of confidence from the capital markets in Vossloh’s strategy and financial strength. With this, we complete the refinancing of the Sateba acquisition, optimize our maturity profile, and secure attractive long-term conditions," says Dr. Thomas Triska, Chief Financial Officer of Vossloh AG.

The acquisition of Sateba, one of Europe's leading manufacturers of concrete sleepers, was completed on October 1, 2025, and represents a decisive milestone in the implementation of Vossloh's strategy.

BayernLB, Landesbank Baden-Württemberg, and Skandinaviska Enskilda Banken were joint lead arrangers of the promissory note transaction. Landesbank Baden-Württemberg also acts as paying agent.

Contact details for the media:
Ivo Banek
Email: Presse@vossloh.com

Contact details for investors:
Dr. Daniel Gavranovic
Email:Investor.relations@vossloh.com

Phone: +49 (0) 23 92 / 52-609

About Vossloh:

Vossloh is a global technology group which for around 140 years has stood for quality, safety, customer focus, reliability and innovative strength. With its comprehensive range of rail-related products and services, Vossloh ranks among the world market leaders in this sector. Vossloh offers a uniquely broad range of products and services under one roof: Rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire life cycle of rails and switches. Vossloh uses its systemic understanding of the track to address the central customer need of "availability of the rail track".

Vossloh products and services are in use in more than 100 countries. With almost 80 Group companies in nearly 30 countries and over 40 production locations, Vossloh is active locally worldwide. Vossloh is committed to sustainable corporate governance and climate protection and with its products and services makes an important contribution to the sustainable mobility of people and goods.

The Group's activities are organized into the three divisions Core Components, Customized Modules and Lifecycle Solutions. In the 2024 financial year, Vossloh generated sales revenues of €1,209.6 million with around 4,200 employees.