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Antares Vision Capital/Financing Update 2021
4255_iss_2021-09-30_d8bd1fc9-890b-40ab-88d9-62ac6450c55e.pdf
Capital/Financing Update
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PRESS RELEASE
ANTARES VISION GROUP HAS PLACED SENIOR UNSECURED NOTES FOR €40 MILLION AND HAS STARTED THE REFINANCING OF BANK DEBT
Travagliato (Brescia), 30 September 2021 – Antares Vision Group, a leading global provider of hardware and software Track & Trace solutions for the pharmaceutical industry (anti-counterfeiting and supply chain transparency) and one of the major players in inspection systems (quality control) and in smart data management (maximized production efficiency and end-to-end digitalization of the supply chain, from raw materials to the final consumer), announces that it today has finalised the issue and placement of unsecured non-convertible bond notes ("US Private Placement") for Euro 40 million with Pricoa Capital Group – part of the US group Prudential Financial, Inc. (NYSE:PRU) and one of the main players in the private placement market. The notes were issued in a single tranche and have a 12-year maturity, with an interest-only period of 8 years and a fixed interest rate of 2.86%.
The bond notes issued have no rating and will not be listed on regulated markets. The issue was not backed by collateral guarantees. Antares Vision Group is bound to comply with certain financial covenants, in line with standard market practice. Antares Vision was assisted in the issue by Mediobanca (Financial Advisor), Skadden Arps and Orsinger Ortu Avvocati Associati (Legal Advisors) and ADVANT-NCTM (Fiscal Advisor).
In parallel to this transaction, Antares Vision Group started the subscription, to be concluded by the end of October, of new medium-long term bank debt, with an average duration of around 5 years, maturity of 7-8 years and a fixed average cost (post-hedging) of approximately 1.7%.
These transactions will allow Antares Vision Group to refinance bank debt for an amount of Euro 131 million as at 30 June 2021.
Emidio Zorzella, Group Chairman and CEO stated: "These refinancing transactions will free up financial resources of around Euro 100 million, which can be addressed to the further development of our Group, instead of being used over the next 4.5 years to cover the bank debt that is today being refinanced".
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ABOUT ANTARES VISION GROUP
Listed since April 2019 on the Italian Stock Exchange in the AIM Market, and from 14 May 2021 on Mercato Telematico Azionario (MTA) STAR segment, the Antares Vision Group guarantees protection of products, profit, people and planet through inspection systems for quality control, Track & Trace solutions for anti-counterfeiting and supply chain transparency, smart data management tools for maximized efficiency and digitalization of the entire supply chain, from raw materials to the final consumer. The Antares Vision Group is active in the pharmaceutical market and in Life Science in general (biomedical devices and hospitals), in beverage, food, cosmetic and
PRESS RELEASE
in consumer-packaged goods. The Group reaches over 60 countries in the World with complete and flexible solutions, hardware, and software, with related services and counts 7 production facilities in Italy (Brescia, Parma, Piacenza, Latina, Padua and Vicenza), 22 foreign subsidiaries (Germany [2], France [2], USA [5], Brazil [2], United Kingdom [2], India, Russia [3], Hong Kong, China, Ireland, Croatia and Serbia), 3 Innovation and Research Centers (Italy) and a worldwide network of more than 40 partners. Thanks to the twenty years of experience in vision technologies of the two founding partners, the Antares Vision Group is the supplier of 10 out of 20 leading pharmaceutical companies in the world, with more than 25,000 inspection systems, that ensure everyday product safety and quality, 6,500 quality controls and more than 3,500 serialization modules on lines installed all over the world. With the aim of continuing and supporting the growth and development strategy, during 2019 participation agreements were finalized with T2 Software, a Brazilian company specialized in smart data management solutions, and Orobix, an Italian company leader in artificial intelligence services, as well as the acquisition of 100% of FT System, leader in control and inspection in the beverage sector. In 2020, Antares Vision acquired 82,83% of Tradeticity, a Croatian company specialized in software management of traceability and serialization processes, 100% of Convel, an Italian company specialized in automated inspection machines for the pharmaceutical industry, the assets of Adents High Tech International, a French company specialized in software for serialization and traceability, 100% of Applied Vision, a global leader in inspection systems for glass and metal containers in food & beverage. In March 2021, Antares Vision acquired 100% of rfXcel Corporation, specialized in software solutions for digitalization and supply chain transparency based in the U.S., and 100% of Pen-Tec and Tecnel, through FT System, increasing specialization in Food & Beverage inspection sector. Further information can be found on the website www.antaresvision.com and on www.antaresvisiongroup.com.
For further information
ISSUER
ANTARES VISION S.P.A. VIA DEL FERRO, N. 16 25039 – TRAVAGLIATO (BS) ALESSANDRO BAJ BADINO (INVESTOR RELATOR) TEL.: +39 030 72 83 500 E-MAIL: [email protected]
IR Consultant IR TOP CONSULTING VIA BIGLI, N. 19 20121 – MILANO TEL.: +39 02 45473884 MARIA ANTONIETTA PIREDDU E-MAIL: [email protected] ANTONIO BUOZZI E-MAIL: [email protected]