Ubisoft Successfully Places a 200 Million Schuldschein

By Ken Brown

Ubisoft successfully places a 200 million Schuldschein

  • The very high take-up underlines investor confidence in Ubisoft
  • The funds raised in very favorable market conditions will enable Ubisoft to step up the pace of growth

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Paris – March 16, 2015 Today, Ubisoft announced that it has successfully placed a Schuldschein (a private placement governed by German law).

The very high take-up of the issue resulted in the Company doubling the originally planned amount to 200 million. The notes have a five-year maturity and carry a mix of fixed and floating rates. They represent an average borrowing cost of around 1.8%, which is at the lower end of the proposed range. This issue which has no dilutive effect for shareholders and will not impact Ubisofts net cash situation has enhanced the Groups financial flexibility, diversified its sources of financing and significantly broadened its investor base.

Alain Martinez, Chief Financial Officer, stated “The very high take-up for this placement underlines strong investor confidence in Ubisoft and our business strategy. By taking advantage of the current market conditions, which are particularly favorable, we have broadened our investor base and diversified our sources of financing, and will be able to speed up our growth.”

The Schuldschein was placed with pan-European and Asian banks and institutional investors.

The placement was structured and arranged by Commerzbank and Socit Gnrale Corporate & Investment Banking.