HOMANN HOLZWERKSTOFFE GmbH
Homann Holzwerkstoffe successfully places Bond 2021/2026
DGAP-News: HOMANN HOLZWERKSTOFFE GmbH
/ Key word(s): Bond
Homann Holzwerkstoffe successfully places Bond 2021/2026
Munich, 2 March 2021 – Homann Holzwerkstoffe GmbH, a leading European supplier of thin, refined wooden fibreboards for the furniture, doors and coatings industries, has ahead of schedule and fully placed its third Corporate Bond 2021/2026 (ISIN: DE000A3H2V19, WKN: A3H2V1) with an issue volume of EUR 65 million. As the bond met with high interest from institutional investors, asset managers and private investors, the annual fixed coupon was set at the lower end of the range at 4.50% even before the public offering began, and the possibility to subscribe via the Frankfurt Stock Exchange ended early today, 2 March 2021, at 12:00 (noon). Subscription had originally been scheduled to end on 4 March. In order to enable all investors to receive a higher allocation, the issue volume in the private placement was increased from the targeted EUR 60 million to EUR 65 million. Numerous investors in the outstanding Bond 2017/2022 (ISIN: DE000A2E4NW7, WKN: A2E4NW) want to continue to participate in the success of Homann Holzwerkstoffe. They took advantage of the exchange offer and tendered a total of around 47% of the volume, which was allocated in full. The subscriptions under the multiple purchase option were also fully accepted. All orders placed via the subscription functionality were fully allocated up to a volume of EUR 7,000 each. Subscription orders exceeding this amount were allocated at a rate of 20%, rounded down to the denomination of EUR 1,000 where applicable. Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: “We were able to successfully place our third corporate bond in a challenging market environment. We thank our existing and new investors for the confidence they place in our company and our strategic course. With the new bond, we have further strengthened our solid financing structure and will remain a strong partner for both our customers and our investors in the future.” The new Corporate Bond 2021/2026 has a term of 5.5 years. The first trading day (trading on terms of issue) for the bond on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange in the Quotation Board segment is already scheduled for 3 March 2021. The issue and value date is 12 March 2021. The net issue proceeds will mainly be used to repay the outstanding Bond 2017/2022 and as a liquidity reserve to finance further growth and general corporate purposes. The company intends to call the Bond 2017/2022 early. This has been possible since 14 June 2020 at 101.5% of the principal amount and under certain conditions. The transaction was sole lead managed by IKB Deutsche Industriebank AG, with Norton Rose Fulbright acting as legal counsel and IR.on AG as communications consultant. About Homann Holzwerkstoffe Headquartered in Munich, Homann Holzwerkstoffe Group is a leading supplier of thin, high-quality finished medium-density and high-density fibreboards (MDF/HDF). With production plants in Losheim am See, Germany, as well as Karlino and Krosno/Oder, Poland, the Group serves the global furniture, door and coating industries, with the main focus on the European markets. The family-owned company looks back on a long tradition and has been established on the capital market since 2012. Its Bond 2017/2022 (ISIN: DE000A2E4NW7; WKN: A2E4NW) as well as its Bond 2021/2026 (ISIN: DE000A3H2V19; WKN: A3H2V1) are listed on the Frankfurt Stock Exchange.
Contact: Disclaimer This press release as well as the information contained herein do not represent an offer to sell or an invitation to buy securities of Homann Holzwerkstoffe GmbH in the Federal Republic of Germany or in the Grand Duchy of Luxembourg or in another country and shall not be construed as such, in particular if such an offer or such an invitation is forbidden or not permitted, and do not replace the securities prospectus. The public offering in the Federal Republic of Germany and the Grand Duchy of Luxembourg has been closed. The information contained in this document may not be distributed outside the Federal Republic of Germany and the Grand Duchy of Luxembourg, in particular not in the United States of America, to U.S. persons (as defined in Regulation S of the United States Securities Act of 1933) or to publications with a general circulation in the United States of America, unless such distribution outside the Federal Republic of Germany and the Grand Duchy of Luxembourg is required by mandatory provisions of applicable law. Any breach of this restriction may constitute a violation of the securities regulations of certain countries, in particular the United States of America. Notes of Homann Holzwerkstoffe GmbH are not publicly offered for sale outside the Federal Republic of Germany and the Grand Duchy of Luxembourg.
02.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | HOMANN HOLZWERKSTOFFE GmbH |
Adalbert-Stifter-Straße 39a | |
81925 München | |
Germany | |
Phone: | 089 99 88 69-0 |
Fax: | 089 99 88 69-21 |
E-mail: | tk@homanit.org |
ISIN: | DE000A2E4NW7 |
WKN: | A2E4NW |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1172570 |
End of News | DGAP News Service |