Premium fashion brand Hugo Boss has successfully issued €500 million in commercial paper as part of its newly launched CP (Commercial Paper) program. The move aims to strengthen the company’s short-term financing capabilities and reduce its reliance on traditional banking channels, further expanding its access to capital markets.
According to the company, the program offers a highly cost-efficient solution for short-term liquidity needs. Hugo Boss Chief Financial Officer Yves Müller emphasized that the initiative not only improves financial flexibility but also allows the company to optimize its overall financing costs.
The commercial paper issuance was coordinated by ING Bank. The dealer syndicate includes BNP Paribas, DZ Bank, and ING Bank, while Citibank Europe is serving as the issuing and paying agent. Legal counsel for the issuer was provided by the international law firm White & Case.
This strategic step aligns with Hugo Boss’s broader financial strategy to maintain robust liquidity while leveraging efficient financing tools in a volatile economic environment.
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