Brief: SLM Solutions to issue convertible bonds with aggregate principle amount of EUR 50 mln

Nikon SLM Solutions AG

04/10/2017 06:59

Oct 4 (Reuters) - SLM SOLUTIONS  AM3D.DE : 
    * DGAP-ADHOC: SLM SOLUTIONS GROUP AG: CONVERTIBLE BOND 
OFFERING 
    * TO ISSUE SENIOR UNSECURED CONVERTIBLE BONDS MATURING IN 
OCT 2022 WITH AGGREGATE PRINCIPLE AMOUNT OF EUR 50 MILLION 
    * ISSUE SIZE MAY BE INCREASED BY UP TO APPROX. EUR 10 
MILLION TO APPROX. EUR 60 MILLION 
    * ISSUER INTENDS TO USE NET PROCEEDS FROM PLACEMENT OF 
CONVERTIBLE BOND TO FINANCE ITS FURTHER GROWTH 
    * IS EXPECTED TO BE ISSUED ON OR AROUND 11 OCTOBER 2017 
    * COUPON OF CONVERTIBLE BOND IS EXPECTED TO AMOUNT TO 
BETWEEN 5.50 % AND 6.00 % 
    * SLM SOLUTIONS - FEELS CONFIDENT THAT ON MEDIUM-TERM BASIS 
IT CAN ACHIEVE ANNUAL REVENUES OF EUR 500 MILLION AND AN EBITDA 
MARGIN OF 20% 
    * IN THIS CONTEXT ISSUER CONFIRMS ITS GUIDANCE FOR 
FINANCIAL YEAR 2017 
 
Source text for Eikon:  ID:nEQ3JvN3ra  
Further company coverage:  AM3D.DE  
 
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