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DUE - Duerr AG News Story

€33.44 -1.4  -3.9%

Last Trade - 10:46am

Sector
Industrials
Size
Mid Cap
Market Cap £2.07bn
Enterprise Value £2.06bn
Revenue £2.86bn
Position in Universe 297th / 1051

BRIEF-Duerr Launches Convertible Bond Offering Of Around EUR 150 Mln

Thu 24th September, 2020 8:26am
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 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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