Successful placement of SAF-HOLLAND prime standard bond
- Subscription box closed early after just a few hours
- Strong demand from institutional and private investors
- Preliminary start in over-the-counter market trading
SAF-HOLLAND S.A., listed on the SDAX, successfully placed its corporate bond (ISIN DE000A1HA979 / WKN A1HA97) at a volume of EUR 75 million with substantial over-subscription just a few hours after the start of the public offer and closed the subscription ahead of schedule. Even private investors actively took advantage of the opportunity to subscribe to the prime standard bond using the XETRA subscription function of the Frankfurt Stock Exchange. The bond has an annual coupon rate of 7.000% and will reach maturity in five and a half years on April 26, 2018. The first interest payment installment will be April 26, 2013.
The date of issue, delivery and payment of the bond, as well as admission to trading on the regulated market, has been set for October 31, 2012 as announced in the securities prospectus. As of October 19, 2012, the bond is being traded over the counter on a preliminary basis in the Frankfurt Stock Exchange. The lead manager of the transaction is the IKB Deutsche Industriebank AG.
With the help of the corporate bond, SAF-HOLLAND is successfully concluding the reorganization of its financing structure following a successful capital increase in 2011 and the early renewal of the syndicated loan in October 2012. The proceeds from the bond emission will be used for repayment of existing bank loans and additionally for financing further growth.
'We are very pleased that our bond has been met with such strong interest - even among private investors. We are able to use the emission to expand our financing structure with another sensible component in addition to financing via equity and bank loans, and we are thereby able to push our growth strategy forward with sufficient flexibility on the long term', said Wilfried Trepels, CFO of SAF-HOLLAND S.A.
This press release does not constitute an offer to sell securities in the United States, in the United Kingdom, in Northern Ireland, in Switzerland or other jurisdictions in which an offer is subject to a legal constraint.
The securities named in this press release may only be sold or offered for sale in the United States of America once they have been registered in accordance with the provisions of the US Securities Act of 1933 (the 'Securities Act'), as amended, or are exempt from registration. Subject to certain conditions in accordance with the Securities Act the securities named in this press release may not be sold or offered for sale in the United States of America, the United Kingdom, in Northern Ireland, in Switzerland or sold or otherwise transferred to persons who reside in the United States of America, the United Kingdom, in Northern Ireland, in Switzerland or in other jurisdictions in which an offer is subject to a legal constraint. No registration of the offering or sales of the securities named in this press release take place in accordance with the provisions of the Securities Act or the individual legal requirements in Australia, Canada and Japan. There is no public offering of such securities in the United States of America. This press release is exclusively for informational purposes and does not constitute an offer to sell or purchase securities.
A securities prospectus with the complete securities terms and conditions will be deposited with the Commission de Surveillance du Secteur Financier des Großherzogtums Luxembourg ('CSSF'). The CSSF takes on no responsibility regarding the economic and financial robustness of the securities or for the creditworthiness of the issuer. The acquisition of the securities can and should take place exclusively on the basis of the information contained in the above mentioned securities prospectus. The securities prospectus is available for free at SAF-HOLLAND S.A., c/o SAF-HOLLAND GmbH, Hauptstraße 26; 63856 Bessenbach and is available on the website of the issuer www.safholland-anleihe.de.
With turnover of approximately EUR 831 million in 2011 and more than 3,000 employees, SAF-HOLLAND Group is one of the world's leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses trailer axle systems and suspension systems, coupling devices, kingpins, and landing legs among other things. SAF-HOLLAND sells its products on six continents to Original Equipment Manufacturers ('OEM') in the replacement parts market and, in the aftermarket business, to the OEM's Original Equipment Suppliers ('OES'), as well as by means of a global service and distribution network. SAF-HOLLAND also sells its products to end users and service centers using this network. SAF-HOLLAND has established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of the Frankfurt Stock Exchange since July 2007 and has been in the SDAX since December 2010.