SAP AG Completes $750 Million Issue of US Private Placement Notes(Webmessage)

Walldorf - - SAP AG (NYSE: SAP) has successfully completed a $750 million US Private Placement transaction issued by SAP AG’s wholly owned subsidiary, SAP Ireland US-Financial Services Ltd. The transaction enhances the group’s financial flexibility by broadening its investor base and extending its overall maturity profile. Proceeds of the issue will be used to refinance existing group financial debt.

Due to SAP’s excellent credit profile, the transaction received strong demand in the US private placement market as demonstrated by a significant oversubscription. A group of 16 institutional investors participated in two tranches, a $600 million tranche with a five year maturity and a $150 million tranche with a seven year maturity. The interest rates on the notes in both tranches were below 3.5%.

Bank of America Merrill Lynch, Citi and JP Morgan acted as joint agents and bookrunners for the transaction.