01.08.2016
NORMA Group SE DE000A1H8BV3
DGAP-News: NORMA Group SE issues promissory note valued at EUR 150 million
DGAP-News: NORMA Group SE / Key word(s): Financing/Financing
NORMA Group SE issues promissory note valued at EUR 150 million
01.08.2016 / 09:43
The issuer is solely responsible for the content of this announcement.
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NORMA Group SE issues promissory note valued at EUR 150 million
Maintal, Germany, 1 August 2016 - NORMA Group, a global market leader in
engineered joining technology, has just placed a promissory note in the
amount of EUR 150 million. The transaction was oversubscribed by several
times. The new promissory note increases the scope for NORMA Group to
strategically develop the company. It will be used to finance the planned
acquisition of Parker's Autoline business, which includes quick connectors,
in the medium term. In addition, the company will be repaying a share of
the promissory note that it issued in 2013.
"By issuing this promissory note, we are increasing the flexibility of our
corporate financing and at the same time optimizing our costs. We are
taking advantage of the current low interest rate, improving our maturity
structure and reducing currency risks," said Dr. Michael Schneider, CFO of
NORMA Group. "The substantial oversubscription confirms investor confidence
in our long-term strategic direction. The improved financing structure
enables us to create a solid basis for further profitable growth."
The issue volume of EUR 150 million is divided into four euro tranches and
four US dollar tranches. The promissory note is equipped with both fixed
interest rates and floating rate tranches. The terms include five, seven
and ten years. The transaction was accompanied by Helaba Landesbank Hessen-
Thüringen Girozentrale (Helaba) and ING Commercial Banking Germany (ING).
NORMA Group had previously placed promissory notes in the amount of EUR 209
million in August 2014 and in the amount of EUR 125 million in July 2013.
Additional information on the company is available on www.normagroup.com.
Press photos are available from our platform on www.normagroup.com/images.
Contact
NORMA Group SE
Daphne Recker
Group Communications
E-mail: [email protected]
Tel.: +49 (0)6181 - 6102 743
About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The
company manufactures a wide range of innovative connecting solutions and
water management technology offering more than 35,000 products to customers
in 100 countries with around 6,500 employees. NORMA Group helps its
customers and business partners to react to global challenges such as
climate change and increasing scarcity of resources. NORMA Group joining
products can be found in vehicles and trains, ships and aircraft, buildings
and water management as well as in applications for the
pharmaceutical and biotechnology industry. The company generated sales of
around EUR 890 million in 2015. NORMA Group operates a global network of 22
production facilities as well as numerous sales and distribution sites
across Europe, the Americas, and Asia-Pacific. NORMA Group has its
headquarters in Maintal, Germany. NORMA Group SE is listed on the German
stock exchange (Prime Standard) and included in the MDAX index.
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01.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: [email protected]
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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488075 01.08.2016
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