JOST successfully places promissory note loan for EUR 320 million

JOST successfully places promissory note loan for EUR 320 million

• JOST successfully redeems bridge financing for the Hyva acquisition with promissory note loan
• High oversubscription and broad global investor base
• Pricing at the lower end of the offered margin
• Tranches with terms of 3, 5 and 7 years placed
• No financial covenants

Neu-Isenburg, April 30, 2025. Die JOST Werke SE („JOST”), one of the world's leading manufacturers and suppliers of safety-related systems for the on- and off-highway commercial vehicle industry, has completed the successful placement of a promissory note loan.

In a challenging capital market environment, JOST was able to secure favorable price conditions at the lower end of the pricing range. A total of 38 institutional investors subscribed to the promissory note loan. Due to the high oversubscription of the order book, the volume of the promissory note loan was increased from the originally planned EUR 125 million to EUR 320 million.

JOST was able to optimally combine the volume, maturities, financing security and costs of the promissory notes and could thus extend the maturity profile of the group at very good conditions.

Joachim Dürr, CEO of JOST Werke SE, says: “The new promissory note loan gives us long-term financial security and increases our scope for action. The high level of interest in our company shows the strong confidence of global investors and their willingness to support JOST in the implementation of its long-term corporate strategy.”

The new promissory note loan with terms of three, five and seven years secures the company an attractive long-term mix of fixed and variable-rate financing without financial covenants. JOST is using the funds to fully repay the short-term bridge financing that was installed for the acquisition of Hyva.

Oliver Gantzert, CFO of JOST Werke SE, says: “The new financing is an important milestone in the integration of the Hyva Group. We will continue to work consistently on capturing synergies and reducing debt during the coming months and years. The favorable financing conditions achieved at the lower end of the pricing range highlight JOST’s financial strength in a challenging economic and geopolitical environment.”

Joint Lead Arrangers of the promissory note loan were Bayerische Landesbank, BNP Paribas and Commerzbank AG. Hengeler Mueller supported JOST in the transaction.

Contact:

JOST Werke SE
Romy Acosta
Head of Investor Relations
T: +49 6102 295-379
romy.acosta@jost-world.com

About JOST: JOST is a world-leading producer and supplier of safety-critical systems for the commercial vehicle industry. Under the umbrella brand of JOST, the comprehensive range of products is categorized into systems for On-Highway (transport industry) and Off-Highway applications (agriculture and construction industries). JOST’s global leadership position is driven by the strength of its brands JOST, Hyva, ROCKINGER, TRIDEC and Quicke, its long-standing client relationships serviced through its global distribution network, and its efficient and asset-light business model. With its five core brands, the company is the global leading producer of fifth wheel couplings, landing gears, agricultural front loaders and front-end tipping cylinders. Since the acquisition of Hyva in 2025, JOST employs over 7,500 staff worldwide, has sales and production sites in more than 35 countries, and operations on six continents. JOST has been listed on the Frankfurt Stock Exchange. Further information on JOST can be found here: www.jost-world.com