Schaeffler secures € 2.5 billion loan – TradingView News

The automotive and industrial supplier Schaeffler SHA obtained a loan of € 2.5 billion. The revolving working capital line has been increased to two billion euros and will now last until at least November 2027, the Herzogenaurach-based company announced Thursday. There is also another loan of 500 million euros with a duration of five years, which is used to finance the purchase of Ewellix. The refinancing will ensure the company’s financial flexibility even with further growth in the coming years, CFO Claus Bauer said. The terms of the loan have just changed, but the margin has slightly increased. Schaeffler took over drive specialist Ewellix for over half a billion euros in July, thereby strengthening its industrial business.

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