NORMA Group SE issues promissory note valued at EUR 150 million

Maintal, Germany, (PresseBox) - NORMA Group, a global market leader in engineered joining technology, has just placed a promissory note in the amount of EUR 150 million. The transaction was oversubscribed by several times. The new promissory note increases the scope for NORMA Group to strategically develop the company. It will be used to finance the planned acquisition of Parker’s Autoline business, which includes quick connectors, in the medium term. In addition, the company will be repaying a share of the promissory note that it issued in 2013.

“By issuing this promissory note, we are increasing the flexibility of our corporate financing and at the same time optimizing our costs. We are taking advantage of the current low interest rate, improving our maturity structure and reducing currency risks,” said Dr. Michael Schneider, CFO of NORMA Group. “The substantial oversubscription confirms investor confidence in our long-term strategic direction. The improved financing structure enables us to create a solid basis for further profitable growth.”

The issue volume of EUR 150 million is divided into four euro tranches and four US dollar tranches. The promissory note is equipped with both fixed interest rates and floating rate tranches. The terms include five, seven and ten years. The transaction was accompanied by Helaba Landesbank Hessen-Thüringen Girozentrale (Helaba) and ING Commercial Banking Germany (ING).

NORMA Group had previously placed promissory notes in the amount of EUR 209 million in August 2014 and in the amount of EUR 125 million in July 2013.

Additional information on the company is available on www.normagroup.com. Press photos are available from our platform on www.normagroup.com/images.

NORMA Group SE

NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 6,500 employees. NORMA Group helps its customers and business partners to react to global challenges such as climate change and increasing scarcity of resources. NORMA Group joining products can be found in vehicles and trains, ships and aircraft, buildings and water management as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 890 million in 2015. NORMA Group operates a global network of 22 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal, Germany. NORMA Group SE is listed on the German stock exchange (Prime Standard) and included in the MDAX index.



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