HORNBACH Baumarkt AG — Capital/Financing Update 2012

Nov 12, 2012

News Details

Ad-hoc | 12 November 2012 11:43

HORNBACH-Baumarkt-Aktiengesellschaft: Board of Management plans premature redemption of corporate bond

HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Bond/Corporate Action

12.11.2012 11:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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HORNBACH-Baumarkt-AG:
Board of Management plans premature redemption of corporate bond

Bornheim, November 12, 2012. The Board of Management of
Hornbach-Baumarkt-AG intends to prematurely redeem the corporate bond
(ISIN: XS0205954778, WKN: A0C4RP), whose originally agreed term ran until
November 15, 2014. Consistent with the contractually agreed termination
options, from November 15, 2012 the redemption price amounts to 100.00%.
The premature redemption must be announced in advance with a notice period
of between 30 and 60 days.

Subject to approval by the Supervisory Board, the redemption amount, with a
nominal value of EUR 250 million, is to be refinanced by issuing a new
long-term bond. The precise termination date will be fixed in the coming
months depending on conditions on the capital market for new bond issues.
The Board of Management reserves the right to waive its intention to
terminate the bond in the event of unfavorable capital market conditions.

This debt restructuring measure is intended to strengthen the company's
capital structure on more favorable terms in the long term. The funds will
serve to finance further expansion. In particular, the company plans to
maintain a supply of liquidity enabling it to act flexibly to exploit
growth opportunities.

12.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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