FINANCING PORTFOLIO

Rheinmetall has a well-diversified financing portfolio in terms of the instruments used and the sources and terms of financing. This ensures that Rheinmetall is largely independent of individual lenders and markets.

Financing instruments in € million

Maturing Nominal Financing source
Promissory notes 2024-2029 253 National and international lenders
Promotional loan R&D I 2023 250 European Investment Bank
Promotional loan R&D II 2028 80 European Investment Bank
Syndicated loan facility 2027 500 12 banks (i.a. back-up line for the Commercial Paper Program)
Real estate and promotional loans 2023-2025 21 Banks and insurance companies
Bilateral credit facilities 2023 ~ 2,900 Banks and insurance companies
Commercial Paper Program Indefinite 500 Money market investors
(Status: December 31, 2022)

Over three quarters of the bilateral credit facilities serve to provide guarantees, which are particularly important in the Defence sector, and they are generally utilized up to a maximum of 70 % to ensure sufficient flexibility at all times. With these instruments, Rheinmetall is in a good position to provide the financial resources that it needs for its operating activities in the form of liquidity or guarantees at any time. The use of these options is kept as balanced as possible, taking into account aspects relating to liquidity, margins and security.