Gestamp, the multinational specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has successfully priced an offering of €500 million in aggregate principal amount of senior secured notes due 2030 at an issue price of 100%, with a coupon of 4.375%.
The offering is expected to close on or about 6 October 2025, subject to customary closing conditions. The notes are expected to be listed on the Official List of the Luxembourg Stock Exchange and traded on the Euro MTF Market.
Standard & Poor’s and Moody’s have assigned the notes credit ratings of BB and Ba2, respectively, consistent with the company’s corporate family ratings. Both agencies maintain a “stable” outlook for Gestamp.
The company intends to use the proceeds from the offering of the notes to refinance existing financial indebtedness, to fund cash to balance sheet and to pay the commissions, fees and expenses incurred in connection with these refinancing transactions.
Ignacio Mosquera, Chief Financial Officer (CFO) of Gestamp, commented that “
this transaction is aligned with the company’s strategy aimed at further optimizing debt and financial expenses through active and efficient management. In this regard, it will help strengthen Gestamp’s financial structure by extending the average maturity of its liabilities at a competitive cost.”
In parallel with this offering, the company continues to make progress on its commitment to reducing net debt, which stood at €2.141 million at the end of the first half of the year — the lowest nominal net debt achieved by the company in the first half of the year since the application of IFRS 16.
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