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freenet AG
Capital/Financing Update • Feb 23, 2016
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Capital/Financing Update
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Corporate | 23 February 2016 19:09
freenet AG: freenet AG successfully places promissory note loan amounting to 560.0 million euros
DGAP-News: freenet AG / Key word(s): Financing/Financing
2016-02-23 / 19:09
The issuer is solely responsible for the content of this announcement.
freenet AG successfully places promissory note loan
amounting to 560.0 million euros
– freenet AG uses highly favourable market environment to further optimise its financing structure
– Refinancing of the corporate bond that matures in April 2016
– Financing opens up room for further growth
– High demand in the transaction demonstrates freenet AG’s attractiveness for investors
Büdelsdorf, 23 February 2016 – freenet AG [ISIN DE000A0Z2ZZ5] has successfully placed a promissory note loan with an aggregate volume of 560.0 million euros.
The placement was handled by the lead arrangers Bayerische Landesbank, Commerzbank AG, Landesbank Baden-Württemberg and UniCredit Bank and served a widely spread group of institutional investors in Germany and abroad.
This non-callable financial instrument is divided into a five-year fixed tranche totalling 264.0 million euros, a five-year floating-rate tranche totalling 179.0 million euros, a seven-year fixed tranche amounting to 78.5 million euros, a seven-year floating-rate tranche totalling 15.0 million euros and a ten-year fixed tranche amounting to 23.5 million euros. It was drawn over its entire volume at the lower end of the respective marketing range with a fixed coupon of 1.03% for the five-year fixed tranche, a floating coupon of 1.00% for the first six months of the five-year floating-rate tranche, a fixed coupon of 1.45% for the fixed seven-year tranche, a floating coupon of 1.20% for the first six months of the seven-year floating-rate tranche and a fixed coupon of 1.95% for the fixed ten-year tranche. The average interest rate for the aforementioned periods amounts to 1.12% annually. The payout will be made with its value as at 3 March 2016.
“By placing this promissory note loan, we are taking advantage of the currently very favourable capital market environment and setting the highly attractive interest rate for ourselves in the medium to long term. The transaction provides further confirmation of our attractiveness for investors, who are classifying us at investment grade level. Our financial structure is thereby being optimised further in order, on the one hand, to secure the refinancing of the corporate bond that matures in April 2016, and, on the other, to have funds available for further organic and inorganic growth as and when required”, explains Joachim Preisig, CFO of freenet AG.
Further information at http://www.freenet-group.de/investor-relations.
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freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Phone: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Email: [email protected]
2016-02-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | freenet AG |
| Hollerstraße 126 | |
| 24782 Büdelsdorf | |
| Germany | |
| Phone: | +49 (0)40 51306-778 |
| Fax: | +49 (0)40 51306-970 |
| E-mail: | [email protected] |
| Internet: | www.freenet-group.de |
| ISIN: | DE000A0Z2ZZ5, DE000A1KQXU0 |
| WKN: | A0Z2ZZ , A1KQXU |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX |
| End of News | DGAP News Service |