Amer Sports Corporation, owner of Suunto and Mavic, has taken out a €30 million ‘Schuldschein’ loan targeted at international investors.
Originating in Germany, a Schuldschein loan (differing from a company bond) is a flexible loan agreement between a company and investors. Amer Sports’ three year loan has both fixed and floating rate tranches.
In its stock exchange release, Amer Sports noted that the proceeds of the loan will be used for ‘refinancing and general corporate purposes.’
