SAF-HOLLAND S.A.: SAF-HOLLAND S.A. issues bond in the Prime Standard for corporate bonds of the Deutsche Börse AG
SAF-HOLLAND S.A. / Key word(s): Issue of Debt 17.10.2012 / 14:09 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 17.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SAF-HOLLAND S.A. 68-70, boulevard de la Pétrusse L-2320 Luxembourg Grand Duchy of Luxembourg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: info@safholland.de Internet: www.safholland.com ISIN: LU0307018795 WKN: A0MU70 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 189078 17.10.2012