Leoni AG / Key word(s): Miscellaneous/Contract
14.09.2012 11:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Leoni secures long-term refinance
Nuremberg, 14 September 2012 - Leoni AG of Nuremberg (ISIN DE 0005408884 /
WKN 540888) today successfully placed a borrower's note loan in the amount
of EUR 250 million. The cables group was thereby early in securing
continuation of its long-term financing. The amount is split into seven
tranches with five, six, seven and ten-year maturities. Leoni's original
plan was to refinance EUR 150 million, but increased the amount due to
significant oversubscription and pricing at the lower end of the projected
range. The Company chose a favourable time with today's date to realign its
refinancing on attractive terms and thus to significantly extend and spread
the due dates of its liabilities. The partially repaid existing borrower's
note loans would normally have matured in March 2013 and March 2015. Leoni
has, with this long-term refinance, further underpinned its future growth.
The deal was transacted by a syndicate comprising UniCredit Bank,
Landesbank Baden-Württemberg and HSBC.
14.09.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Leoni AG
MarienstraÃe 7
90402 Nürnberg
Germany
Phone: +49 (0)911 20 23-274
Fax: +49 (0)911 20 23-209
E-mail: invest@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Leoni AG: Leoni secures long-term refinance
| Source: EQS Group AG