As a global company, TRATON uses a broad range of different financing instruments to cover its refinancing needs.
All external and internal financial transactions are solely generated to fulfill financing needs or to limit risks from an actual underlying business transaction and therefore do not serve any speculative purpose. Strong dependencies on particular financial partners are systematically avoided. All financial transactions are concluded under standard market conditions.
A TRATON credit update presentation can be found below.
Financial management has the duty to manage all financial transactions and financial risks in the TRATON GROUP with a focus on achieving the following objectives:
Ensuring the solvency of all Group companies at all times as well as the financing of all Group business activities;
Limiting of market price risks (from interest rates, foreign currencies/exchange rates, commodity prices) and default risk of financial counterparties;
Optimization of costs from funding activities and returns on financial investments;
Secure processing of financial and payment transactions to safeguard Group liquidity.
In order to safeguard liquidity and streamline its financing structure, TRATON set up its debut syndicated revolving credit facility in 2020. The revolving credit facility has been amended and restated in 2021 and has a volume of €4.5 billion and a term of five years, which can be extended twice for one year each. To underscore TRATON’s commitment to sustainability issues and create further financial incentives for sustainable business performance, ESG (Environmental, Social and Governance) and sustainability criteria were integrated into the credit facility.
Detailed information on TRATON’s financial management and financing strategy can be found in the Annual Report.