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SAF-HOLLAND SE
Capital/Financing Update • Mar 9, 2020
6218_rns_2020-03-09_b040e235-c987-48af-862f-e5e23895d3e1.html
Capital/Financing Update
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Ad-hoc | 9 March 2020 15:23
SAF-HOLLAND SE: Promissory note loan successfully placed – original targeted volume of at least EUR 100 million oversubscribed multiple times, stepped up to EUR 250 million
SAF-HOLLAND SE / Key word(s): Financing
SAF-HOLLAND SE: Promissory note loan successfully placed – original targeted volume of at least EUR 100 million oversubscribed multiple times, stepped up to EUR 250 million
09-March-2020 / 15:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
SAF-HOLLAND: Promissory note loan successfully placed – original targeted volume of at least EUR 100 million oversubscribed multiple times, stepped up to EUR 250 million
Luxembourg, March 9, 2020. SAF-HOLLAND SE, one of the leading suppliers to the truck and trailer industry worldwide successfully placed a promissory note transaction today with a volume of EUR 250 million via its subsidiary, SAF-HOLLAND GmbH. Because of the high demand and the resulting over-subscription, the final amount exceeded the target volume of EUR 100 million by EUR 150 million.
The tranches of the promissory note feature fixed as well as variable rates and maturities of three, three and a half, five, seven and ten years. All tranches were allocated at the lowest end of the respectively offered price range. The loan will be paid out to the company at the end of March and at the end of September 2020.
The proceeds will be used to finance the company generally and, in particular, to refinance the convertible bond that falls due on 12 September 2020 (volume: EUR 99.8 million) and the 5-year tranches of the promissory note issued in November 2015 that falls due on 27 November 2020 (volume: EUR 140.5 million).
The issue will contribute to smoothing out the maturity profile and will widen the investor base of the SAF-HOLLAND Group. The promissory note was placed with a total of 20 banks and institutional investors in Germany and abroad.
The transaction was accompanied by IKB Deutsche Industriebank AG as the Sole Lead Arranger. Noerr LLP acted as legal counsel to SAF-HOLLAND GmbH.
Contact:
SAF-HOLLAND Group
Michael Schickling
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
09-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | SAF-HOLLAND SE |
| 68-70, boulevard de la Pétrusse | |
| L-2320 Luxembourg | |
| Luxemburg | |
| Phone: | +49 6095 301 – 0 |
| Fax: | +49 6095 301 – 260 |
| E-mail: | [email protected] |
| Internet: | www.safholland.com |
| ISIN: | LU0307018795 |
| WKN: | A0MU70 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 992603 |
| End of Announcement | DGAP News Service |