SAF-HOLLAND S.A. issues bond in the Prime Standard for corporate bonds of the Deutsche Börse AG
SAF-HOLLAND S.A. issues bond in the Prime Standard for corporate bonds of
the Deutsche Börse AG
* Five and a half year term with a 7.000% coupon p.a.
* Subscription period from October 18 to 26, 2012
* Additional flexibility of the financing structure
* BBB-, outlook stable corporate rating from Euler Hermes
Bessenbach, Germany, October 17, 2012 - The SDAX listed company SAF-HOLLAND
S.A. issues a five and a half year corporate bond (ISIN DE000A1HA979 / WKN
A1HA97) with an annual coupon of 7.000% and a volume of up to EUR 75
million. The Luxembourg regulatory body CSSF today approved the securities
prospectus. The bond will be issued in the recently opened Prime Standard
Segment for corporate bonds of the Deutsche Börse AG which is aimed at
major companies operating internationally. Orders from institutional
investors will be received with immediate effect as part of a private
placement. The public offering for private and institutional investors
begins on October 18. The subscription period via the XETRA subscription
functionality from the Deutsche Börse AG is expected to run until October
26, 2012; it may be terminated prematurely. The lead manager of the
transaction is the IKB Deutsche Industriebank AG.
'We see ourselves in good hands in the Prime Standard for corporate bonds.
Along with institutional investors we also appeal to private investors with
our bond through a private investor-friendly denomination of EUR 1,000. As
an SDAX-listed company we can on the one hand, offer our investors a high
degree of transparency, on the other hand we promise a good degree of
tradability in this segment', says Wilfried Trepels, CFO of SAF-HOLLAND
S.A.
With over 130 years of tradition, annual sales of approximately EUR 831
million (2011) and more than 3000 employees, SAF-HOLLAND Group is one of
the world's leading manufacturers and suppliers of premium product systems
and components primarily for trailers as well as trucks, buses and
recreational vehicles. The company has been on a solid and profitable
growth path for decades, which was only once interrupted by the financial
and economic crisis in 2008/2009. In recent years SAFHOLLAND has once
again improved its strategic alignment through the optimization of cost
structures and investments in the future. Thus the company will also be
able to participate in the growing trend in international freight traffic,
to which trucks and trailers make an important contribution.
'We have dealt with a variety of growth themes on the path to one billion
euros in sales. We focus especially on the following three areas: An
extended range of trailer systems in the North American market, expansion
of the Aftermarket Business worldwide and opening up new markets in the
BRIC countries. With the diversification in various regional markets and
also in both our business segments 'Trailer Systems', 'Powered Vehicle
Systems' and 'Aftermarket' we are both able to grow and at the same time
soften the blow of economic volatility in individual markets', continues
CFO Wilfried Trepels.
With the help of the corporate bond, SAF-HOLLAND is successfully concluding
its reorganization of the financing structure following a successful
capital increase in 2011 and the early renewal of the syndicated loan in
October 2012. With a diversified financing structure established over the
long-term, the company can secure its growth path for the long term. The
proceeds from the bond emission will be used for repayment of existing bank
loans and for financing further growth.
Company profile:
With turnover of approximately EUR 831 million in 2011 and more than 3,000
employees, SAF-HOLLAND Group is one of the world's leading manufacturers
and suppliers of premium product systems and components primarily for
trailers as well as trucks, buses and recreational vehicles. The product
range encompasses trailer axle systems and suspension systems, coupling
devices, kingpins, and landing legs among other things. SAF-HOLLAND sells
its products on six continents to Original Equipment Manufacturers ('OEM')
in the replacement parts market and, in the aftermarket business, to the
OEM's Original Equipment Suppliers ('OES'), as well as by means of a global
service and distribution network. SAF-HOLLAND also sells its products to
end users and service centers using this network. SAF-HOLLAND has thus
established itself as one of the few manufacturers in its sector that is
internationally positioned with an extensive product range and a broad
service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of
the Frankfurt Stock Exchange since Jule 2007 and has been in the SDAX since
December 2010.
Legal notice
This press release does not constitute an offer to sell securities in the
United States, in the United Kingdom, in Northern Ireland, in Switzerland
or other jurisdictions in which an offer is subject to a legal constraint.
The securities named in this press release may only be sold or offered for
sale in the United States of America once they have been registered in
accordance with the provisions of the US Securities Act of 1933 (the
'Securities Act'), as amended, or are exempt from registration. Subject to
certain conditions in accordance with the Securities Act the securities
named in this press release may only be sold or offered for sale in the
United States of America, the United Kingdom, in Northern Ireland, in
Switzerland or sold or otherwise transferred to persons who reside in the
United States of America, the United Kingdom, in Northern Ireland, in
Switzerland or in other jurisdictions in which an offer is subject to a
legal constraint. No registration of the offering or sales of the
securities named in this press release take place in accordance with the
provisions of the Securities Act or the individual legal requirements in
Australia, Canada and Japan. There is no public offering of such securities
in the United States of America. This press release is exclusively for
informational purposes and does not constitute an offer to sell or purchase
securities.
A securities prospectus with the complete securities terms and conditions
will be deposited with the Commission de Surveillance du Secteur Financier
of Great Duchy of Luxembourg ('CSSF'). The CSSF takes on no responsibility
regarding the economic and financial robustness of the securities or for
the creditworthiness of the issuer. The acquisition of the securities can
and should take place exclusively on the basis of the information contained
in the above mentioned securities prospectus. The securities prospectus is
available for free at SAF-HOLLAND S.A., c/o SAF-HOLLAND GmbH, Hauptstraße
26, 63856 Bessenbach and is available on the website of the issuer
www.safholland-anleihe.de.
Contact:
SAF-HOLLAND GmbH
Claudia Hoellen
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
claudia.hoellensafholland.de
End of Corporate News