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Stadtwerke Würzburg AG successfully places promissory note loans
Würzburg, 09.07.2025
Stadtwerke Würzburg AG, a subsidiary of Würzburger Versorgungs- und Verkehrs-GmbH (WVV), has placed a promissory note loan for the first time as part of a private placement via the digital promissory note platform finpair. The transaction was structured and implemented together with Sparkasse Mainfranken Würzburg, a cooperation partner of finpair GmbH. With this transaction, Stadtwerke is making its debut on the promissory note market. Through a targeted approach to investors, a placement tailored to the financing strategy with terms of up to 20 years was realized.
Promissory note loans are large loans similar to bonds in the medium or long term, but unlike bonds, they are not traded on the stock exchange. These loans are used by companies for debt financing. Promissory notes are not securities but evidence that the creditor's claim exists and are generally held by institutional investors such as banks and insurance companies.
As part of the energy, heating and transport transition and the associated financial challenges, Würzburger Versorgungs- und Verkehrs-GmbH (WVV) prepared a long-term plan up to 2045 back in 2024 and, based on this, developed a financing concept with a wide variety of financing instruments. One financing element here is the placement of promissory note loans for Stadtwerke Würzburg AG in order to optimize the existing repayment structure. “The expectation of acquiring long credit terms was met in full. We were supported by experienced experts at all times throughout the process, combined with the benefits of a first-class platform,” says Stefan Mann, Head of Corporate Accounting at WVV.
The digital platform finpair supported the transaction via its established, workflow-based process. The structured, transparent processing and efficient communication between STW AG and the investor made a significant contribution to the success of the placement.
“Stadtwerke Würzburg sent a strong signal with its first capital market transaction. The fact that another debutant has opted for our platform approach underlines the increasing importance of digital solutions in the area of corporate financing. We are very pleased that we can also offer savings banks our range of products on the basis of our cooperation model,” says Christian Müller, project manager at finpair GmbH. The promissory note loan was offered exclusively to selected investors. The proceeds will be used for general corporate financing and the implementation of long-term investment projects for sustainable supply security in the region.
About finpair
finpair is one of the leading platforms for promissory note loans based in Hanover. All relevant process steps, from the request for a quote to repayment, are completely digitally mapped. Finpair is the only platform in Germany to integrate a sustainable finance solution and, by connecting to the Deka Bank platform, offers issuers one of the largest access points to lenders in the DACH region.
Press contact:
Susanna Blum
Haugerring 5
97070 Wuerzburg
Phone: 0931/36-1307
email: presse@wvv.de
