German fashion brand Hugo Boss has successfully secured a promissory note loan totaling € 175 million, marking the company’s first venture into this form of financing. Initially planned at € 100 million, the loan amount was substantially increased due to high demand. The loan comprises four tranches with varying terms of three and five years, offering both fixed and variable interest rates. The funds obtained will be utilized for general corporate financing purposes.
“We are pleased to have successfully entered the market for Schuldschein loans, thus broadening our financing mix. The strong demand confirms the confidence in our Company and our growth strategy. We will use the proceeds to finance further investments as part of ‘CLAIM 5’ and its strategic pillar ‘Organize for Growth’,” said CFO Yves Müller.
Over 70 institutional investors, primarily from Europe and Asia, participated in the loan, reflecting Hugo Boss’s strong market reputation and investor confidence.
The transaction was facilitated with the support of DZ Bank AG and Landesbank Baden-Württemberg.
