DGAP-Adhoc: Brenntag AG: Brenntag AG to issue a US Dollar 500 million senior unsecured bond with warrant units due 2022

Brenntag AG  / Key word(s): Bond/Financing

25.11.2015 07:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Today the Management Board of Brenntag AG ("Brenntag") resolved, with
approval from the Supervisory Board, to issue senior, unsecured bonds with
warrants due 2022 (the "Bonds") with an intended issue size of US Dollar
500 million. The Bonds will be offered exclusively to institutional
investors outside the U.S. The pre-emptive rights of Brenntag AG
shareholders are excluded. With this specific debt instrument Brenntag AG
benefits inter alia from attractive market opportunities for US Dollar
funding. The proceeds from the offering will be used for general corporate
purposes including the financing of signed acquisitions.

The Bonds issued by Brenntag Finance B.V. and guaranteed by Brenntag AG
will be complemented with warrants issued by Brenntag AG. The warrants
provide for the option to acquire ordinary registered no-par-value shares
(Stückaktien) of Brenntag AG. The exact number of shares per warrant will
be fixed depending on the exercise price and the underlying currency
exchange rate at pricing.

The coupon is expected to be between 1.125% and 1.875% per annum payable
semi-annually in arrear and the exercise price per share is expected to be
between 40% and 50% above the volume weighted average price of the shares
between launch and pricing. The coupon and the exercise price per share
will be determined in an accelerated book-building process. The Bonds and
constituent bonds and warrants will carry a maturity of 7 years.
The Bonds, the bonds detached from warrants and the detached warrants are
expected to be traded on the Open Market segment of the Frankfurt Stock
Exchange (Freiverkehr).

The final terms are expected to be announced later today via a separate
press release with settlement of the Bonds is expected to take place on or
around 2 December 2015.

This notice is not an offer for sale or a solicitation of an offer to
purchase any securities of Brenntag AG.


This notice is not an offer to purchase securities in the United States of
America. Securities may only be sold or offered for sale in the United
States of America following prior registration in accordance with the
regulations of the U.S. Securities Act of 1933 in its currently valid
version, or without prior registration only on the basis of an exemption.
No such registration is intended.

The information contained in this notice is intended neither for
publication nor for circulation in or within the United States of America,
and is not an offer to purchase securities in the United States of America.


25.11.2015 The DGAP 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:      Brenntag AG
              Stinnes Platz 1
              45472 Mülheim an der Ruhr
              Germany
Phone:        +49 (0) 208 7828 - 7653
Fax:          +49 (0) 208 7828 - 7755
E-mail:       ir@brenntag.de
Internet:     www.brenntag.com
ISIN:         DE000A1DAHH0
WKN:          A1DAHH
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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