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Financing

Our funding structure comprised the following elements for the 30th of September in 2017:

  • Corporate bond issued by Dürr AG for € 300 million (maturity: 2021)
  • Bonded loan issued by Dürr AG for € 300 million (maturity: 2021 - 2026)
  • Syndicated loan held by Dürr AG for € 465 million
  • Bilateral credit facilities of a smaller volume and liabilities from finance leases.


In addition to money and capital market instruments, we are also able to utilize off-balance-sheet financing instruments such as factoring programs and operating leases. The volume of substantial off-balance-sheet financing instruments and obligations amounted to € 104.5 million (September 30, 2017).

The syndicated loan facility is not likely to be drawn in 2017.

Financial liabilities

€ million9/30/2017 2016201520142013201220112010
Bond and bonded loan597.1596.6296.9296.4225.2225.4225.5225.6
Liabilities to banks2.035.543.2118.441.956.557.22.0
Other financial liabilities8.513.90.00.00.00.00.00.1
Liabilities under finance leases5.98.510.811.74.04.23.53.6
Total613.5654.5350.9426.5271.1286.1286.2232.3
   of which due within one year3.45.36.817.12.514.813.31.8

 

 

Maturity Structure of Financial Liabilities (as of 09/30/2017)

€ million

Dürr credit and guarantee lines

€ million9/30/201712/31/201612/31/201512/31/2014
Combined value964.81,026.51,034.91,111.2
Drawdown264.8345.0359.9495.7



Ratings

There are no current corporate or bond ratings to assess our credit status. Dürr regularly publishes comprehensive key figures and a detailed outlook, thus ensuring a high level of visibility. The added value created by additional ratings is considered low, also given the costs involved.