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Dürr AG — Capital/Financing Update 2010
Aug 4, 2010
124_rns_2010-08-04_4c961760-5a61-498f-8b81-a02287c7817e.html
Capital/Financing Update
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Ad-hoc | 4 August 2010 17:05
Dürr Aktiengesellschaft: Dürr plans to issue a new bond in autumn 2010 and then redeem its old bond (WKN A0BU7S; ISIN XS0195957658)
Dürr Aktiengesellschaft / Letter of Intent/Miscellaneous
04.08.2010 17:05
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Bietigheim-Bissingen, August 4, 2010 - Dürr plans to issue a new five-year
corporate bond, probably in autumn 2010. After its successful placement,
the company intends to redeem the corporate bond it issued in 2004 (9.75%
coupon, due on July 15, 2011) prematurely and in full by November 2010 at
100% of its par value. Dürr's aim is to take advantage of the present
capital market conditions to raise long-term funding on more favourable
terms.
It is planned for the new bond to be placed as an own issue in a volume of
approximately EUR 100 million. Dürr wishes to address private investors,
asset managers, and smaller institutional investors who, to some extent,
are already invested in the old bond. The bond is to be listed at the
Frankfurt stock exchange as well as in the Bondm segment of the Stuttgart
stock exchange. Through this new bond segment for small and mid cap
companies, private investors are able to subscribe directly, and receive a
guaranteed allotment within the framework of the issue volume during the
subscription period. Asset managers and smaller institutional investors can
subscribe through sponsoring brokers. Dürr aims in this way to establish a
similarly stable investor base for the new bond as with the old bond.
Dürr AG
Günter Dielmann/Mathias Christen
Corporate Communications & Investor Relations
Phone +49 7142 78-1785/-1381
Fax +49 7142 78-1716
Email [email protected]
04.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Deutschland
Phone: 07142 78-1785
Fax: 07142 78-1716
E-mail: [email protected]
Internet: www.durr.com
ISIN: DE0005565204
WKN: 556520
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Hannover, Düsseldorf, München, Hamburg
End of News DGAP News-Service