23.02.2016
freenet AG DE000A0Z2ZZ5
DGAP-News: freenet AG: freenet AG successfully places promissory note loan amounting to 560.0 million euros
DGAP-News: freenet AG / Key word(s): Financing/Financing
freenet AG: freenet AG successfully places promissory note loan amounting to
560.0 million euros
23.02.2016 / 19:09
The issuer is solely responsible for the content of this announcement.
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freenet AG successfully places promissory note loan
amounting to 560.0 million euros
- freenet AG uses highly favourable market environment to further
optimise its financing structure
- Refinancing of the corporate bond that matures in April 2016
- Financing opens up room for further growth
- High demand in the transaction demonstrates freenet AG's attractiveness
for investors
Büdelsdorf, 23 February 2016 - freenet AG [ISIN DE000A0Z2ZZ5] has
successfully placed a promissory note loan with an aggregate volume of
560.0 million euros.
The placement was handled by the lead arrangers Bayerische Landesbank,
Commerzbank AG, Landesbank Baden-Württemberg and UniCredit Bank and served
a widely spread group of institutional investors in Germany and abroad.
This non-callable financial instrument is divided into a five-year fixed
tranche totalling 264.0 million euros, a five-year floating-rate tranche
totalling 179.0 million euros, a seven-year fixed tranche amounting to 78.5
million euros, a seven-year floating-rate tranche totalling 15.0 million
euros and a ten-year fixed tranche amounting to 23.5 million euros. It was
drawn over its entire volume at the lower end of the respective marketing
range with a fixed coupon of 1.03% for the five-year fixed tranche, a
floating coupon of 1.00% for the first six months of the five-year
floating-rate tranche, a fixed coupon of 1.45% for the fixed seven-year
tranche, a floating coupon of 1.20% for the first six months of the
seven-year floating-rate tranche and a fixed coupon of 1.95% for the fixed
ten-year tranche. The average interest rate for the aforementioned periods
amounts to 1.12% annually. The payout will be made with its value as at 3
March 2016.
"By placing this promissory note loan, we are taking advantage of the
currently very favourable capital market environment and setting the highly
attractive interest rate for ourselves in the medium to long term. The
transaction provides further confirmation of our attractiveness for
investors, who are classifying us at investment grade level. Our financial
structure is thereby being optimised further in order, on the one hand, to
secure the refinancing of the corporate bond that matures in April 2016,
and, on the other, to have funds available for further organic and
inorganic growth as and when required", explains Joachim Preisig, CFO of
freenet AG.
Further information at http://www.freenet-group.de/investor-relations.
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freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Phone: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Email: [email protected]
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23.02.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: [email protected]
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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439539 23.02.2016
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