21.02.2017
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP AG issues borrower's note loan of EUR 40 million and calls in corporate bond
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s):
Financing/Bond
SNP AG issues borrower's note loan of EUR 40 million and calls in corporate
bond
21.02.2017 / 15:31
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
SNP AG issues borrower's note loan of EUR 40 million and calls in
corporate bond
Heidelberg, February 21, 2017 - SNP Schneider-Neureither & Partner AG today
reached agreement with investors on the issue of a borrower's note loan
with a total volume of EUR 40 million. The volume is spread across fixed
and variable tranches in terms of three to seven years. The current average
yield across all tranches amounts to 1.41% p.a. Due to the high level of
investor interest and the favorable financing conditions, the original
target volume was extended by EUR 10 million to EUR 40 million. The issue
was arranged by IKB Deutsche Industriebank AG.
As of today, the bearer bond (ISIN: DE000A14J6N4 / WKN: A14J6N) was also
called prior to maturity effective as of March 27, 2017. In accordance with
the bond conditions, the notice of redemption will be published in the
German Federal Gazette and on the company's website. The bond with total
amount issued of EUR 10 million (total nominal amount of up to EUR 20
million) will be fully redeemed at a price of 103% plus interest accrued
until March 27, 2017.
About SNP
SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.
SNP AG employs over 700 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue
based on preliminary figures of approximately EUR 80 million in 2016. Its
customers include globally operating corporations in the industrial,
financial and service sectors. SNP AG was founded in 1994 and has been
publicly traded since 2000. As of August 2014, the company is listed on the
Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705).
Further information is available at www.snp-ag.com
Investor Relations Contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: [email protected]
http://www.snp-ag.com/de/Investor-Relations/
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21.02.2017 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: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: [email protected]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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546265 21.02.2017
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