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KUKA AG — Capital/Financing Update 2010
Nov 8, 2010
253_rns_2010-11-08_fa8472aa-c5de-4a07-a609-84413d4fd7af.html
Capital/Financing Update
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Ad-hoc | 8 November 2010 12:58
KUKA Aktiengesellschaft: New Group financing – Syndicated Senior Facilities Agreement and high-yield bond
KUKA Aktiengesellschaft / Key word(s): Corporate Action
08.11.2010 12:58
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.
KUKA Aktiengesellschaft
Zugspitzstrasse 140, 86165 Augsburg
- ISIN DE0006204407-
Listed on the following German stock exchanges:
Frankfurt, Berlin, Düsseldorf,
Hamburg, Hanover, Munich,
Stuttgart
Market segment: Prime Standard
Ad hoc disclosure in accordance with section 15 of the WpHG
(Wertpapierhandelsgesetz - German Securities Trading Act)
New Group financing
Syndicated Senior Facilities Agreement and High Yield Bond
KUKA Aktiengesellschaft ('KUKA AG') has reached an agreement with a
consortium of banks on the conclusion of a new Syndicated Senior Facilities
Agreement ('SFA') that will prematurely repay the previous SFA with a total
volume of EUR 336 million. The new SFA has a total volume of EUR 200
million and has a term ending March 31, 2014. The total volume is broken
down into guarantee facilities totaling EUR 150 million and EUR 50 million
in revolving cash facilities. From KUKA Group's perspective, the new SFA
has better conditions than the previous SFA and provides greater
flexibility.
A further component of the new Group financing and a condition precedent
for the new SFA is KUKA AG's successful placement of a High Yield Bond.
This High Yield Bond is to have a total volume of EUR 200 million with a
planned seven year term. Actions to market the High Yield Bond will begin
today. The High Yield Bond shall be listed and traded at the Luxembourg
Stock Exchange, segment Euro MTF.
The issue price and the interest coupon will be determined after the
marketing phase is completed. The proceeds from the High Yield Bond will be
used for the refinancing of the convertible bond, partial repayment of the
cash credit line from the previous SFA and investments in the development
of business operations.
KUKA AG's Supervisory Board approved the new Group financing on November 8,
2010; however, they have reserved the right to give the final approval
depending on the success of marketing and particularly the final pricing.
Whether the new financing actually takes effect is therefore dependent on
the successful placement of the High Yield Bond.
Augsburg, November 8, 2010
KUKA Aktiengesellschaft
The Executive Board
Contact:
Andreas Spitzauer
phone: +49 821 7975-216
fax: +49 821 7975-213
e-mail: [email protected]
08.11.2010 DGAP's 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: KUKA Aktiengesellschaft
Postfach 43 12 69
86072 Augsburg
Deutschland
Phone: +49 (0)821 797 - 0
Fax: +49 (0)821 7975 - 333
E-mail: [email protected]
Internet: www.kuka.com
ISIN: DE0006204407
WKN: 620440
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Berlin,
Hannover, Stuttgart, Hamburg, München, Düsseldorf; Foreign
Exchange(s) SIX
End of Announcement DGAP News-Service