Brief: Deutsche Rohstoff To Place Bond With Annual Coupon At 5.25%

Deutsche Rohstoff AG

07/11/2019 13:53

Nov 7 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * PLACEMENT OF A BOND WITH 5.25% COUPON P.A.
    * USE OF PROCEEDS: EXPANSION OF SUCCESSFUL OIL AND GAS
BUSINESS IN
US
    * EXCHANGE OFFER FOR BOND 2016/2021
    * BOTH BONDS CONSTANTLY TRADED ABOVE 100 PERCENT OF THEIR
NOMINAL
VALUE
    * EBTIDA EXPECTED TO INCREASE BY EUR 55 TO 65 MILLION IN
2020
    * BOND VOLUME UP TO EUR 100 MILLION
    * TERM OF NEW BOND 2019/2024 IS 5 YEARS - UNTIL DECEMBER
2024
    * ANNUAL INTEREST RATE IS 5.25% AND WILL BE PAID
SEMI-ANNUALLY
    * PUBLIC OFFERING IN GERMANY FROM 11 NOVEMBER 2019 TO 4
DECEMBER
2019 AND A PRIVATE PLACEMENT
    * HOLDERS OF BOND 2016/2021 WILL RECEIVE AN INVITATION TO
SUBMIT
EXCHANGE OFFERS FROM 11 NOVEMBER 2019 UNTIL 29 NOVEMBER 2019
    * FOR COMING YEAR, COMPANY EXPECTS A STRONG INCREASE IN
REVENUES
TO EUR 75 TO 85 MILLION
    * BONDHOLDERS WILL BE ABLE TO EXCHANGE EACH EUR 1,000
NOMINAL
VALUE OF BOND 2016/2021 FOR SAME AMOUNT OF NEW BOND 2019/2024
    * BONDHOLDERS WILL RECEIVE A CASH PAYMENT OF EUR 20 PER EUR
1,000
NOMINAL

Source text for Eikon:  ID:nEQ4y110Ba 
Further company coverage:  DR0G.DE 

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