Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, INTO OR IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH DISTRIBUTION OR PUBLICATION MAY BE UNLAWFUL. FURTHER RESTRICTIONS APPLY. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Mutares successfully placed a new secured bond with a volume of EUR 135 million
Munich, 6 September 2024 – The Management Board of Mutares Management SE, the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”), today resolved, with the approval of the Supervisory Board, to issue a new senior secured floating rate bond with an initial volume of EUR 135 million and a maturity of 5 years (“Bond“).
The Bond bears interest at a rate equal to EURIBOR (three months) plus a margin of 6.25% p.a. and can be increased to a total volume of up to EUR 300 million. The bond is collateralised, among other things, by (i) pledging shares in selected investment vehicles and (ii) assigning intra-group loans. The issue amount of EUR 135 million was successfully placed with institutional investors. In this context, a buyback of the existing 2023/2027 bond (ISIN NO0012530965) up to a volume of EUR 25 million and a price of 106.50% was communicated to investors.
The new bonds will be included under ISIN NO0013325407 in the Regulated Unofficial Market (Freiverkehr) of the Frankfurt Stock Exchange and the Nordic ABM of the Oslo Stock Exchange. The net proceeds accruing to Mutares from the bond issue are to be used mainly for general business purposes and further portfolio growth in the context of international expansion, in particular for the financing of further corporate acquisitions, as well as for the repurchase of bonds, under the existing bond with a volume of up to EUR 25 million.
The transaction was advised by Pareto Securities and Arctic Securities as Joint Lead Managers, Noerr as legal advisor and Cross Alliance as communications advisor.
Important Notice
This release is an ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014 on market abuse. It is neither a financial analysis nor advice or recommendation relating to financial instruments, nor does it contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities of Mutares to any person in Australia, Canada, Japan, or the United States of America (“United States”) or in any jurisdiction to whom or in which such offer or solicitation is unlawful.
The securities referred to herein have not been and will not be registered under U.S. Securities Act of 1933, as amended (“Securities Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.
Certain statements in this ad hoc notification are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this ad hoc notification.
For further information:
Mutares SE & Co. KGaA
Investor Relations
Tel. +49 89 9292 7760
Email: [email protected]
Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 1250 90330
Email: [email protected]