Brief: Duerr Launches Convertible Bond Offering Of Around EUR 150 Mln

Duerr AG

24/09/2020 08:26

Sept 24 (Reuters) - DUERR AG  DUEG.DE :
    * DÜRR AG TO LAUNCH CONVERTIBLE BOND OFFERING WITH A TOTAL
PRINCIPAL AMOUNT OF AROUND € 150 MILLION DUE 2026
    * CONVERTIBLE BONDS WILL BEAR A COUPON BETWEEN 0.25% AND
0.75% PER
ANNUM
    * FIRST INTEREST PAYMENT TO BE MADE IN JANUARY 2022
    * WILL BE REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT
    * PLANS TO USE PROCEEDS FROM ISSUE OF CONVERTIBLE BONDS FOR
GENERAL CORPORATE PURPOSES, INCLUDING REFINANCING AND FURTHER
POTENTIAL ACQUISITIONS.
    * SETTLEMENT IS EXPECTED TO TAKE PLACE ON OR AROUND 1
OCTOBER
2020.
    * FINAL PRICING IS EXPECTED TO BE ANNOUNCED LATER TODAY IN A
SEPARATE PRESS RELEASE. SETTLEMENT IS EXPECTED TO TAKE PLACE ON
OR AROUND 1 OCTOBER 2020.
    * FINAL PRICING IS EXPECTED TO BE ANNOUNCED LATER TODAY IN A
SEPARATE PRESS RELEASE

Source text for Eikon:  ID:nEQ48HLtqa 
Further company coverage:  DUEG.DE 

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