Promissory notes with a duration of up to five years and a volume of approximately EUR
80 million will secure the Group’s sustainable financing of the growth over the next few
years and replace the current short-term financing. The financing, which mainly
consists of a predominant long-term debt part (3-5 years), will enable the company to
pursue its growth plans for the next years.
Montana Aerospace Group placed promissory notes in the amount of ~ EUR 80 million on
the capital markets yesterday on Tuesday 21 June 2022 through a syndicate of banks. The
four tranches run for three or five years (the focus is on five years). Despite the current
market volatility, the tranches were heavily oversubscribed, partly due to the demand of
The funds are available to the company for general financing projects and will thus be used,
among other things, to further accelerate the company’s growth following the acquisition of
Belgian ASCO Group. Thus, the synergy and efficiency potential that already exists at
present can be optimally executed on.
Michael Pistauer, CFO and designated Co-CEO of Montana Aerospace: „We are proud to
have closed the current financing round. We are pleased about the high demand for our
promissory notes, which bring attractive conditions for the company. It shows the high
attractiveness of our business and leaves us room for further sustainable, long-term
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