HÖRMANN Group closes 2019/2024 bond issue subscription early

The new corporate bond of technology specialist HÖRMANN Industries GmbH (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) has met with considerable interest among institutional and private investors alike. As a result, the subscription period is being concluded early. Subscription for the new bond via Deutsche Börse under the terms of the public offer is now possible until 8:30 a.m. on Monday, 27 May 2019. The subscription period was originally scheduled to end on 28 May 2019. The annual coupon has been set at 4.5%.

Further details on conversion, allocation and the start of trading will be provided once the subscription period has ended.

Key data regarding HÖRMANN 2019/2024 corporate bond (indicative)

Issue volume: EUR 50 million
WKN/ISIN: A2TSCH/NO0010851728
Denomination: EUR 1,000
Interest rate (coupon): 4.5% p.a.
Term: 5 years
Interest payments: annually; first payment on 6 June 2020
Repayment price: nominal value (100%)
Company rating: BB (stable), Euler Hermes Rating GmbH (October 2018)
Covenants: change of control, cross default, negative covenant,
restriction on distribution, restriction on disposal,
restriction on additional borrowing
Type of security: bearer bond under Norwegian law
Trustee: Nordic Trustee AS
Stock exchange segments: Open Market, Frankfurt Stock Exchange
Nordic ABM, Oslo Stock Exchange
Value date/listing: 6 June 2019, listing on Open Market. Pre-issue trading may be possible as soon as one day after the end of the subscription period, if applicable.