SITA successfully issues its inaugural Schuldschein loan

SITA, the world’s leading IT specialist in the air transport industry, has successfully issued its inaugural Schuldschein loan.

Initially marketed for €75mn, the deal was eventually upsized to €95mn demonstrating investors’ appreciation of SITA’s strong business position and credit profile. In terms of maturities, the loan amount is split over three- and five-year tenors with a weighted average of 4.8 years.

With this debut Schuldschein transaction, SITA further diversifies its funding sources and investor base, while lengthening the debt maturity profile. Proceeds will be used for general corporate purposes.

Société Générale and UniCredit Bank AG acted as Joint Lead Arrangers on the transaction.