Brief: Docmorris Launches Private Placement Of Approx. CHF 100 Mln Convertible Bonds Due 2031 To Finance Early Repurchase Of Convertible Bonds 2028
BRIEF-Docmorris Launches Private Placement Of Approx. CHF 100 Mln Convertible Bonds Due 2031 To Finance Early Repurchase Of Convertible Bonds 2028 Sept 9 (Reuters) - DOCMORRIS AG DOCM.S:
DOCMORRIS LAUNCHES PRIVATE PLACEMENT OF APPROX. CHF 100 MILLION CONVERTIBLE BONDS DUE 2031 TO FINANCE EARLY REPURCHASE OF CONVERTIBLE BONDS 2028
REDUCES SHARES UNDERLYING 2028 CONVERTIBLE BONDS TO 7.0 MILLION FROM 7.6 MILLION
NEW BONDS EXPECTED TO CARRY 1.5%-2.0% COUPON AND 27.5%-32.5% PREMIUM CONVERSION PRICE
ANNOUNCES SUBSTANTIAL INCREASE OF CONVERSION PRICE FOR NEW CONVERTIBLE BONDS
EXTENDS MATURITY PROFILE TO 2031 WITH NEW CONVERTIBLE BONDS
REDUCES COUPON TO 1.5%-2.0% FROM 3.0% FOR NEW CONVERTIBLE BONDS
NEW BONDS DENOMINATED AT CHF 200,000 EACH AND ISSUED AT PAR
TO USE CHF 10 MILLION INCREMENTAL PROCEEDS FOR GENERAL CORPORATE PURPOSES
Source text: ID:nEQ4cGcyza
Further company coverage: DOCM.S
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