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Siemens Financial Services Release date: May 1, 2008
Siemens Financial Services Inc. Adds Junior Capital Financing Solutions To Product Suite
ISELIN, N.J., May 1 - Siemens Financial Services, Inc. (SFS Inc.) announced today the expansion of its energy finance platform to include junior capital financing solutions. Adding second lien financing and mezzanine debt to its existing secured first lien offering enables SFS Inc. to invest throughout the capital structure, serving its customers in the energy and natural resources sectors more effectively.
"SFS Inc. has been growing steadily since our strategic realignment in 2007, emphasizing greater focus on our customers and flexible organization in three sectors: healthcare, industrial and energy. In the energy sector alone, we have experienced strong acceptance of our solutions, where we tripled our commitment in this current fiscal year," said Roland Chalons-Browne, President and CEO of SFS Inc. He continued, "While expanding our product offering, we constantly keep in mind that the key is to be in tune with our customer, and that our tailor-made financing solutions are enablers of technological excellence."
Junior capital products offer flexibility as they can be structured to suit the specific needs of the customer or the underlying transaction and can fill a variety of gaps in the capital structure. The addition of second lien financing and mezzanine debt solutions enables SFS Inc. to consider a broader pool of potential investment opportunities. Further supporting this growth potential, the team is also establishing offices in Houston and Canada in order to more broadly serve the North American energy markets.
"As a financial services firm with a manufacturing parent, SFS Inc. is ideally positioned in the current economic situation to offer customers flexible structuring and execution capabilities," said SFS Inc. Senior VP and General Manager, Kirk Edelman. "Armed with in-depth industry expertise, our highly experienced energy financial professionals are now equipped with a full range of capital solutions, to offer our customers."
The expanded suite of products serves to better support energy companies and utilities to enable investments in new technologies that will create an infrastructure that is more reliable, secure, efficient, and environmentally-friendly.
About Siemens Financial Services
With some 1,800 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. The group's key customers are internationally active industrial and services companies, as well as public-sector operators. The group supervises more than 20 equipment financing companies worldwide. Further information: www.siemens.com/finance.
Siemens Financial Services, Inc. (SFS Inc.) the US unit of Siemens Financial Services is a leading provider of business-to-business financial services in the United States. SFS Inc. is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States: www.usa.siemens.com/financial.
About Siemens
Siemens AG (NYSE:SI) is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. Over 160 years, Siemens has built a reputation for leading edge innovation and the quality of its products, systems and solutions. In fiscal year 2007, Siemens reported worldwide sales of $96.6 billion, and employs 400,000 people in 190 countries. With its U.S. corporate headquarters in New York City, Siemens in the USA reported sales of $23.1 billion and employs approximately 72,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit www.usa.siemens.com.
Source: Siemens Financial Services, Inc.
CONTACT:
Sonja Ernst,
Siemens Financial Services, Inc.,
+1-732-590-6603,
sonja.ernst@siemens.com
Web site: http://www.siemens.com/finance
http://www.usa.siemens.com/financial
http://www.usa.siemens.com/
Company Information:
Name: Siemens Financial Services
Address: 170 Wood Ave., S.
City: Iselin
State: NJ
ZIP: 08830
Country: USA
Phone: 732-590-6500
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