Brief: Eqs-News Salzgitter AG Announces The Successful Placement Of EUR 500 Million Bonds Exchangeable For Shares Of Aurubis AG

Salzgitter AG

15/10/2025 07:09

Oct 15 (Reuters) - SALZGITTER AG SZGG.DE:

ANNOUNCES THE SUCCESSFUL PLACEMENT OF EUR 500 MILLION BONDS EXCHANGEABLE FOR SHARES OF AURUBIS AG

PROCEEDS WILL BE USED FOR GENERAL BUSINESS PURPOSES, FURTHER SALCOS STAGE ONE EXPENDITURE AND RESTRUCTURING MEASURES

BONDS ARE ALSO ISSUED TO DIVERSIFY STRUCTURE AND TENOR OF FINANCING OF GROUP

BONDS UNDERLYING 3.4 MILLION AURUBIS SHARES, 7.6% OF SHARE CAPITAL

BONDS WILL BEAR INTEREST AT A FIXED RATE OF 3.375% PER ANNUM, PAYABLE SEMI-ANNUALLY IN ARREAR ON 22 APRIL AND 22 OCTOBER IN EACH YEAR, WITH FIRST COUPON TO BE PAID ON 22 APRIL 2026

INITIAL EXCHANGE PRICE WAS SET AT AN EXCHANGE PREMIUM OF 35% ABOVE PLACEMENT PRICE OF AN EXISTING SHARE IN CONCURRENT DELTA PLACEMENT, AS DEFINED BELOW

LOCK-UP UNDERTAKING OF 90 DAYS AFTER SETTLEMENT OF OFFERING, SUBJECT TO CUSTOMARY EXCEPTIONS

Source text: ID:nEQ6xPFZ2a

Further company coverage: SZGG.DE

 (Gdansk Newsroom)

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