New ZWL Zahnradwerk Leipzig GmbH: Subscription of the 6.5% corporate bond 2020/2022 starts today
^ DGAP-News: Neue ZWL Zahnradwerk Leipzig GmbH / Key word (s): New ZWL Zahnradwerk Leipzig GmbH bond issue: Subscription of the 6.5% corporate bond 2020/2022 starts today
02.11.2020 / 09:00 The issuer is responsible for the content of this announcement.
New ZWL Zahnradwerk Leipzig GmbH: Subscription of the 6.5% corporate bond 2020/2022 starts today
Leipzig, November 2, 2020 – The new 6.5% corporate bond 2020/2022 (ISIN: DE000A289EX3) from Neue ZWL Zahnradwerk Leipzig GmbH can be subscribed from today. Interested private investors in Germany and Luxembourg can make their subscription offer during the subscription period from November 2 to 13, 2020 (12:00 noon CET) via their custodian bank using the “DirectPlace” subscription functionality of the Frankfurt Stock Exchange in the XETRA trading system. Institutional investors can subscribe directly through Quirin Privatbank AG in its function as bookrunner. Lewisfield Deutschland GmbH acts as financial advisor.
The funds from the public offering and the private placement are to be invested in growth and in new products for hybrid and alternative drives and in e-mobility products.
As part of the parallel public exchange offer, holders of the bonds 2015/2021 (ISIN: DE000A13SAD4) have until November 6, 2020 (6:00 p.m. CET) to convert their bonds at a ratio of 1: 1 into the new 6.5% To exchange bonds 2020/2022. For each exchanged bond 2015/2021, you will receive an additional amount of EUR 10.00 plus accrued interest of EUR 56.15.
Key dates for the 2020/2022 bond
Issue- Neue ZWL Zahnradwerk Leipzig GmbH tin 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 delay – and positive obligation – transparency obligation Covenants Applicable German 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
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 can be found 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]
11/02/2020 Publication of a Corporate News / Financial News, transmitted by DGAP – a service of EQS Group AG. The issuer is responsible for the content of the announcement.
DGAP Distribution Services include regulatory 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: 1144463
End of announcement DGAP News-Service
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