Neue ZWL Zahnradwerk Leipzig GmbH resolves to issue a 6.5% corporate bond 2020/2022 with a volume of up to EUR 15 million
^ DGAP-Ad-hoc: Neue ZWL Zahnradwerk Leipzig GmbH / Key word (s): Bond issue Neue ZWL Zahnradwerk Leipzig GmbH resolves to issue a 6.5% corporate bond 2020/2022 with a volume of up to 15 million euros
10/12/2020 / 15:15 CET / CEST Disclosure of an inside information according to Article 17 of Regulation (EU) No. 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is responsible for the content of the announcement.
Neue ZWL Zahnradwerk Leipzig GmbH resolves to issue a 6.5% corporate bond 2020/2022 with a volume of up to EUR 15 million
Leipzig, October 12, 2020 – The management of Neue ZWL Zahnradwerk Leipzig GmbH decided today to issue new bonds (ISIN: DE000A289EX3) with a volume of up to EUR 15 million, which over a period of two years at 6.5% pa interest. The offer for the new bonds 2020/2022 consists of a public exchange offer, a public offer and a private placement.
As part of the public exchange offer, the holders of the currently outstanding 7.5% bonds 2015/2021 (ISIN: DE000A13SAD4) with EUR 14.289 million can sell their bonds from October 14, 2020 to November 6, 2020 (6:00 p.m. CET) Exchange 1 to 1 ratio for the new 6.5% bonds offered for 2020/2022 In addition, for each exchanged 2015/2021 bond, they receive an additional amount of EUR 10.00 and accrued interest of EUR 56.15.
The public offer for new subscriptions in Germany and Luxembourg will be carried out from November 2, 2020 to November 13, 2020 (12:00 CET) via the “DirectPlace” subscription functionality of the Frankfurt Stock Exchange in the XETRA trading system and by means of a notice in Luxembourg. At the same time, Quirin Privatbank AG as bookrunner is placing a private placement to qualified investors in Germany and certain other European countries. Lewisfield Deutschland GmbH acts as financial advisor.
The proceeds from the public offering and the private placement are to be used to strengthen the financial strength of NZWL for investments in growth and in new products for hybrid and alternative drives and in e-mobility products.
The securities prospectus approved today by the Luxembourg financial market supervisory authority, Commission de Surveillance du Secteur Financier (CSSF) and notified to the Federal Financial Supervisory Authority (BaFin), is available on the website of Neue ZWL Zahnradwerk Leipzig GmbH (www.nzwl.de/anleihe2020).
The new 2020/2022 bonds are expected to be included in trading on the Open Market of Deutsche Börse AG (open market of the Frankfurt Stock Exchange) on November 17, 2020.
Important notice: This publication is neither an offer to sell nor an invitation to submit an offer to buy any securities. The securities that are the subject of this publication are being offered by the issuer exclusively in the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offer. There will be no offer outside of the Federal Republic of Germany and the Grand Duchy of Luxembourg, neither in the form of a private placement nor in the form of a public offer.
In particular, the securities have not been and will not be registered under the US Securities Act of 1933, as amended (“Securities Act”) and may not be offered or offered in the United States without registration under the Securities Act or an applicable exemption from registration requirements sold.
This publication does not constitute a prospectus. The investment decision of interested investors with regard to the securities mentioned in this publication should be made solely on the basis of the securities prospectus and the bond terms and conditions drawn up by the issuer in connection with the public offer of these securities, which are available on the website of the issuer at www.nzwl.de/anleihe2020 can be viewed.
Contact: Frank Ostermair, Linh Chung Better Orange IR & HV AG Tel .: +49 (0) 89 8896906 25 E-Mail: [email protected]
Information and explanations from the issuer regarding this announcement:
Key dates for the 2020/2022 bond
Issue- Neue ZWL Zahnradwerk Leipzig GmbH in issue- Up to 15 million euros volume ISIN / DE000A289EX3 / A289EX WKN sub- B / stable (Creditreform Rating AG, September 2020) corporate rating coupon 6.5% pa issue- 100 % price units- 1,000 euros conversion- 10.00 euros per exchanged bond 2015/2021 exchange premium conversion- 14 October to 6 November 2020 (6 p.m.) exchange period subscription- 2 November to 13 November 2020 ( 12 noon) delivery period Value date November 17, 2020 (expected) Term- 2 years: November 17, 2020 to November 17, 2022 time (excluding) interest payment annually, retrospectively on November 17 of each year (first 2021) repayment – November 17, 2022 redemption date, 100% price status Not subordinated, not collateralized, termination – distribution restriction to max. 25% of the annual profit under the German Commercial Code (HGB), adjusted for income from the sale of assets outside the normal course of business – Limitation of debt: Net debt / EBITDA <bond 6.5 – Value of assets sold max. 50% of the consolidated balance sheet total – negative obligation on biger financial liabilities – change of control – third party arrears – and positive obligation – transparency obligation Covenants Applicable German law applicable law Pro- Securities prospectus approved by the CSSF (Luxembourg) with spect notification to the BaFin (Germany) stock exchanges – Open Market of Deutsche Börse AG (Regulated Unofficial Market of the Frankfurt Stock Exchange segment) Financi- Lewisfield Deutschland GmbH al Advisor Bookrun- Quirin Privatbank AG ner
October 12th, 2020 CET / CEST DGAP distribution services include statutory reporting, corporate / financial news and press releases. Media archive under http://www.dgap.de
Language: German Company: Neue ZWL Zahnradwerk Leipzig GmbH Ostende 5 04288 Leipzig Germany Phone: +49 34297 85 202 Fax: +49 34297 85 302 E-Mail: [email protected] Internet: www.nzwl.de
ISIN: DE000A13SAD4
WKN: A1YC1F Exchanges: Regulated Unofficial Market in Berlin, Düsseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1140026
End of announcement DGAP News-Service
1140026 12.10.2020 CET / CEST
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